IPG: Innovo Property Group Receives $354M in Financing for Queens Industrial Project

NEW YORK CITY - Locally based investment and development firm Innovo Property Group has received $354 million in financing for a 720,000-square-foot industrial project located at 28-90 Review Ave. in the Long Island City area of Queens. Innovo received construction financing from Axos Bank and Cerberus Capital Management and equity from Goldman Sachs Asset Management. The breakdown of each component within the capital stack was not disclosed. Completion of the project is slated for 2025.The post Innovo Property Group Receives $354M in Financing for Queens Industrial Project appeared first on REBusinessOnline.