83-84 23rd & 83-15 24th Avenue

Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis to arrange the sale of 83-84 23rd & 83-15 24th Avenue (the “Property” or “LaGuardia FedEx”), a 116,596 square foot industrial facility with 1.7 acres of parking located in Queens, New York with immediate proximity to LaGuardia Airport. The Property is 100% leased to investment grade credit tenant FedEx (S&P: BBB) with 17.3 years remaining on the lease term. Recently, the landlord completed site paving work to accommodate FedEx’s operational requirements, further solidifying FedEx’s commitment to the facility.

The Property is ideally situated in the dense, urban industrial market of Queens, New York with access to 2.5 million people within a 5-mile radius and 7.7 million people within a 10-mile radius. LaGuardia FedEx is located just 5-minutes from LaGuardia Airport, currently undergoing a $8 billion renovation, and 5-minutes from major roadways I-495 and I-678 providing immediate connectivity to New York City and the greater Tri-State Region (20.3 million people).

The Property provides prospective investors the rare opportunity to acquire a mission-critical asset long-term leased to an investment grade credit tenant located in one of the most desirable industrial markets in the country, New York City. Please note, the Property is being offered as a transaction of REIT shares.