Binswanger brokers sale of 75,080 s/f facility for $10.2 million
Bronx, NY— Binswanger represented Aramark in the $10.2 million sale of a Bronx, NY facility. The Bronx property located at 850 East 138th St. in the Bronx will house the consolidated operations of The Department of Parks & Recreation Five-Borough shops.Built in 1988, the two-story building was initially used as a commercial laundry operation with second-story warehousing. Key features include open floor plates, attractive ceiling heights and a gated parking lot. Located in the Port Morris section of the Bronx, the former Aramark facility has excellent access to the Bruckner Expressway as well as the Willis Avenue Bridge. One of the premier industrial areas of the immediate New York City metro-area, the South Bronx is a highly desirable location for NYC-centric operations because of its accessibility to and from Manhattan as well as Queens, lower Westchester County, New York and lower Fairfield County, Connecticut. The recent sale was handled by Jim Panczykowski of Binswanger’s New Haven, Connecticut office.Headquartered in Philadelphia, PA, Binswanger is an international full-service real estate organization with offices worldwide throughout the United States, Canada, Latin America, Europe, the Middle East, and Asia.