From left: Flint McNaughton and a FedEx distribution center
Parkwill Management Corp. and SunCap Property Group are in contract to sell the proposed site of a new FedEx distribution center in East New York for about $190 million, The Real Deal has learned.
Just last year, the Zirinsky family’s Midtown East-based Parkwill and North Carolina-based partner SunCap, which have developed other FedEx facilities, paid $40 million for the then-vacant site at 830 Fountain Avenue, which offers just shy of 430,000 buildable square feet. (more…)
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