Expertise in Action

GRS | Corteq Provides Assessment Services on $130 Million Acquisition of FedEx Facility in Brooklyn NY

GRS | Corteq provided assessment services on a $130 million industrial acquisition in Brooklyn, NY for its client, Jeffries LoanCore.  The 279,162 square foot Fedex facility, located at 830 Fountain Ave, has a history of industrial uses and associated regulatory and environmental challenges.  GRS | Corteq reviewed numerous historical assessments and regulatory closure documents in order to quantify the present status of any ongoing risks to the property and its tenants.

Services provided by GRS | Corteq included a Property Condition Assessment and a Phase 1 Environmental Site Assessment.  GRS | Corteq director, Mark Halloran, spearheaded the service package.