Moda Operandi takes distribution space in Queens
The company will occupy a 30,000-square-foot space, located at 58-30 Grand Ave. in Maspeth, that is on part of the third floor. Moda Operandi is expected to move in later this month and will use the space as a distribution center.
PW Shoes and Much Better Perfume previously occupied the space.
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JLL's Owen Hane represented Moda Operandi on the deal. Cushman & Wakefield's Rico Murtha, Helen Paul, Joe Hentze Jr. and Sonny Singh represented building ownership, The Davis Cos.
"Moda Operandi's growth and scale led them to the decision to take their distribution needs in-house," Hane said in an email statement. "The Pearl Building offered an ideal location with close proximity to all major transportation outlets and access to Manhattan and a large portion of its customer base."
'The demand for well-located, high-functioning industrial space in New York City remains strong, and properties like the Pearl Building are ideally positioned to meet that need,' added David Allen, senior vice president of asset management at Davis.
The Pearl Building, which recently underwent a multimillion-dollar capital improvement program, is a three-story, 157,000-square-foot property that is home to tenants Fly E-Bike and Stronghold East LLC.
There is 22,000 square feet of space available for lease on the third floor of the property.
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