Metropolitan Realty Associates Acquires New York Cold Storage Site
Building was formerly occupied by global baking giant, Europastry USA.
Joseph Farkas, CEO and founder of Metropolitan Realty Associates LLC (MRA) announced that the company has closed on the acquisition of three properties comprised of a vacant 75,000-square-foot, single story cold storage/freezer facility and distribution center, as well as 11.5 acres of land located at 33 Rajon Road, Bayport New York, for $12.6-million. The building was formerly occupied by global baking giant, Europastry USA.
“In light of today’s tight industrial market, we are excited to acquire a prime cold storage facility with significant expansion potential. With the explosion of the food preparation and delivery service business across Long Island, this facility is ‘plug and play’ ready for the next operating business seeking fully functional cold food storage and distribution,” said Farkas.
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