The Traderszone Network

Published in TZ Latest News 21 July, 2016 by The TZ Newswire Staff

Westbrook, Andrew Chung secure $136M loan to buy Long Island City warehouse

Westbrook Partners and Andrew Chung’s Innovo Property Group scored a $136 million acquisition loan from ACORE Capital to buy a Long Island City warehouse for $195 million. The new owners purchased 24-02 49th Avenue from investors Rubin Schron’s Cammeby’s International and the Fruchthandler family, the Commercial Observer reported. The deal went into contract in March and closed on July 12.

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