NEW YORK CITY — Innovo Property Group (IPG) has topped out Review Avenue Complex, a 736,000-square-foot industrial project in Queens. IPG is developing the facility in partnership with the Urban Investment Group (UIG) at Goldman Sachs Alternatives. Located in New York City’s Borden Innovation District, Review Avenue Complex is situated off of the Long Island Expressway. Completion is scheduled for the fall. Totaling six stories, the development will feature flexible floor plates, with suites starting at 31,000 square feet. Each floor is designed to accommodate up to two tenants, with truck access at each level via a 35-foot-wide ramp. The facility will offer clear heights up to 32 feet, four freight elevators, heavy power and is photovoltaic and electric vehicle ready. Each level will also feature loading docks and parking. In total, the development will accommodate 116 cars and 118 oversized vehicles. In June 2023, IPG received $354 million in financing for the project, including construction financing from Axos Bank and Cerberus Capital Management and equity from Goldman Sachs Asset Management. New York City-based IPG acquires and manages assets in metro New York City. The company recently completed the Borden Complex, a 1 million-square-foot industrial development also located in New …
