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Baldor Sells $54.25 Million Bronx Warehouse to IPG

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Baldor Specialty Foods, a high-end produce and specialty foods logistics and distribution company, announced the recent closing of its $54.25 million sale of a 140,000 square foot warehouse in the Hunts Point section of the Bronx to Innovo Property Group.

According to GlobeSt.com, the cold-storage property features 32 loading docks, six drive-in bays, up to 22’ ceilings and a 90,000-square-foot truck court and parking lot.

News of the deal was also reported by the New York Times, Real Estate Weekly, and numerous other outlets.

Partners Wayne Heicklen, Rich Frazer and Ari Tran assisted longtime client Baldor Specialty Foods in the sale.