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.