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NEW YORK CITY — New York City-based Time Equities has acquired a 40,000-square-foot, net-leased parking garage, located in Arris Lofts at 27-28 Thomson Ave. in the Long Island City neighborhood of Queens, New York City, for $4.3 million. The parking garage contains 200 spaces. Francis Greenberger provided in-house representation for Time Equities; Ronald Solarz and Eric Anton of Eastern Consolidated represented the seller, Tag Court Square LLC. The 237-unit Arris Lofts is a luxury condo conversion of the former Eagle Electric Factory that was completed in 2007.