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Joint venture plans 400K sf commercial project for LIC

United Hoisting Company and JNY Capital are teaming up to bring a roughly 400,000-square-foot commercial project to Long Island City. The development will go up at 38-42 12th Street, which United Hoisting Company owns and which JNY Capital has joined as a joint venture partner in a $ 32.5 million deal. The project will include retail, office and entertainment space. It will also have multiple parking spots, although United’s Joe Covello cautioned that it was still


The Real Deal New York

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