Bedspread maker asking $95M for 4-acre Hollis site The two large warehouses in Hollis were home to Ideal Toy Company for decades
Joe Pirrello’s Rodless Properties, an affiliate of bedspread and comforter manufacturer Rodless Decorations, is putting a 3.5-acre devel新爱上海同城对对碰论坛 opment site in Queens’ Hollis neighborhood on the market for $95 million, sources told The Real Deal.
The site is home to a two-building industrial complex called the Ideal Business Center. The buildings at 184-10 and 184-60 Jamaica Avenue collectively span more than 577,000 square feet. There is also a 100-car, 40,000-square-foot parking lot.
Both buildings were constructed as a printing plant – one in 1923 and the other in 1954. Most famously, they housed the now-defunct Ideal Toy Company from the 1940s through 1980, when Rodless acquired them. Ideal, the largest doll maker in the U.S. after World War上海贵族宝贝论坛 II, produced the Rubik’s Cube and the Magic 8-Ball both of which are now sold by other companies.
A Pinnacle Realty team led by Decio Baio, Fredric Stein and Paul Bralower is marketing the site as an opportunity to reposition the property as office or keep it as industrial.
The site is expected to officially hit the market next week, Baio said. The ask上海贵族宝贝论坛 ing price comes out to roughly $165 per square foot.
Hollis-based Rodless has upgraded the buildings over the years, adding manufacturing tenants. Last year, the company constructed a 60,000-square-foot hydroponic greenhouse leased to Brooklyn-based agriculture company Gotham Greens. The buildings’ floor plates are as big as 100,0爱上海同城 00 square feet, according to marketing materials.
In nearby Jamaica, Long Island-based G上海贵族宝贝论坛 TJ REIT is looking to sell the seven-acre MTA Bus Depot site. Sources said it is expected to sell for $140 million.
Tags: hollis, pinnacle realty
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