Realterm Logistics Acquired South Bronx Warehouse For $38 Million

Maryland-based Realterm Logistics has bought a South Bronx warehouse for $38 million from the recycling company Parallel Products.

The 81,673 S.F property, at 900 East 138th Street, is near the Bruckner Expressway and the East River.

According to PropertyShark, Parallel Products purchased the site as an empty area for $5.2 million in 2006.

Realterm has been on a break. In January, the Annapolis company, led by Robert Fordi, associate with JPMorgan to get a 1.75 million-square-foot logistics portfolio in 28 U.S markets, including Chicago, Atlanta, Dallas, New Jersey, New York, and Philadelphia.

Realterm lately declared the close of a $370 million logistics fund. The firm typically spends in high flow-through means like truck terminals, transshipment hubs, and transfer centers.

Starting this week, a common venture between Goldman Sachs Asset Management and Blumenfeld Development Group sold a 145,144 S.F logistics facility at 1080 Leggett Avenue in Hunts Point to CenterPoint Properties for $116.5 million.

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