{"id":140292,"date":"2026-02-20T19:12:22","date_gmt":"2026-02-20T19:12:22","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/140292\/"},"modified":"2026-02-20T19:12:22","modified_gmt":"2026-02-20T19:12:22","slug":"wildflower-sells-recently-acquired-queens-warehouse-for-92m-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/140292\/","title":{"rendered":"Wildflower Sells Recently Acquired Queens Warehouse for $92M \u2013 Commercial Observer"},"content":{"rendered":"<p>Development firm <a href=\"https:\/\/commercialobserver.com\/company\/wildflower\/\" title=\"Wildflower\" class=\"company-link\" rel=\"nofollow noopener\" target=\"_blank\">Wildflower<\/a>\u2019s Adam Gordon has sold a warehouse in Queens\u2019 College Point neighborhood for $92 million, a sharp increase from the price he paid for it only a year ago, according to <a target=\"_blank\" rel=\"noopener nofollow\" href=\"https:\/\/a836-acris.nyc.gov\/DS\/DocumentSearch\/DocumentDetail?doc_id=2026021900321001\">property records<\/a> made public Thursday.<\/p>\n<p>The 245,337-square-foot property at 28-10 Whitestone Expressway was sold to <a href=\"https:\/\/commercialobserver.com\/company\/terreno-realty\/\" title=\"Terreno Realty\" class=\"company-link\" rel=\"nofollow noopener\" target=\"_blank\">Terreno Realty<\/a>, records show. The property used to be the New York Times distribution center before Wildflower acquired it for \u200b\u200b$35 million <a target=\"_blank\" rel=\"noopener nofollow\" href=\"https:\/\/www.wildflowerltd.com\/press\/wildflower-acquires-college-point-parcel-for-35m\">in February 2025<\/a>.<\/p>\n<p>SEE ALSO: <a href=\"https:\/\/commercialobserver.com\/2026\/02\/jensen-calif-industrial-land-sale\/\" rel=\"nofollow noopener\" target=\"_blank\">Jensen Infrastructure Buys 100-Acre Development Site in SoCal\u2019s High Desert<\/a><\/p>\n<p>Gordon himself signed the deal for the seller, while Christine Falco, a partner at law firm Morici &amp; Morici, signed for the buyer, according to records.<\/p>\n<p>It\u2019s unclear why Wildflower opted to sell the College Point property, which sits wedged between Flushing Bay and the Whitestone Expressway. The site was slated to become an e-commerce logistics center.<\/p>\n<p>Wildflower began redevelopment of the building in 2022 and landed a $94 million construction loan in 2023 prior to taking ownership, <a target=\"_blank\" rel=\"noopener nofollow\" href=\"https:\/\/newyorkyimby.com\/2023\/04\/developer-lands-94m-construction-loan-to-complete-the-college-point-logistics-center-in-queens.html\">according to New York YIMBY<\/a>.<\/p>\n<p>Wildflower and Terreno Realty did not respond to requests for comment.<\/p>\n<p>The site was known as the College Point Logistics Center after its redevelopment. <a href=\"https:\/\/commercialobserver.com\/company\/cushman-wakefield\/\" title=\"Cushman &amp; Wakefield\" class=\"company-link\" rel=\"nofollow noopener\" target=\"_blank\">Cushman &amp; Wakefield<\/a> was tasked with leasing space at the property, but it\u2019s unclear who negotiated the sale.<\/p>\n<p>C&amp;W did not immediately respond to a request for comment.<\/p>\n<p>Mark Hallum can be reached at <a href=\"https:\/\/commercialobserver.com\/2026\/02\/wildflower-sells-28-10-whitestone-expressway-terreno-realty\/mailto:mhallum@commercialobserver.com\" rel=\"nofollow noopener\" target=\"_blank\">mhallum@commercialobserver.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Development firm Wildflower\u2019s Adam Gordon has sold a warehouse in Queens\u2019 College Point neighborhood for $92 million, a&hellip;\n","protected":false},"author":2,"featured_media":140293,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[59280,59281,59282,59283,2664,9,24,63,122,124,123],"class_list":["post-140292","post","type-post","status-publish","format-standard","has-post-thumbnail","category-queens","tag-28-10-whitestone-expressway","tag-adam-gordon","tag-christine-falco","tag-college-point-logistics-center-channel","tag-investments-sales","tag-new-york","tag-new-york-city","tag-nyc","tag-queens","tag-queens-headlines","tag-queens-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/140292","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=140292"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/140292\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/140293"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=140292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=140292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=140292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}