LBA Realty
3347 Michelson Drive Suite 200 Irvine, CA 92612
People:
LBA Realty portfolio
$23.7 million* – industrial 85.0%, specialty 14.0%; Queens 58.0%, Brooklyn 41.0%
1567th largest portfolio by dollar value
102,610 sqft – industrial 92.0%, specialty 7.0%;
1896th largest by SF
6 properties – Brooklyn 66%, Queens 33%
1335th largest
Company Activity past 24 months:
Borrower company: 2 for $257.8 million
Top Ten Associated Companies:
Leser Group (1), City National Bank (1), Bank of America (1), Laquila Group (1), New York Life Insurance Company (1)
Top Ten Associated People:
Abraham Leser (1), Brandon Roberts (1), Dino Tomassetti Jr. (1)
Recent activity as company:
• RXR Realty, LBA Realty and PIMCO borrowed $235 million from New York Life Insurance Company for 55-15 Grand Avenue, Maspeth, Queens on February 03, 2025.
• LBA Realty borrowed $22.8 million from City National Bank for 236 Richards Street, Red Hook, Brooklyn on June 13, 2023.
• Leser Group sold 236 Richards Street, 118 Beard Street, and N/A Beard Street, Red Hook, Brooklyn for $34 million to LBA Realty on September 06, 2022.
• LBA Realty borrowed $19.2 million from Bank of America for 58-38 47th Street, Maspeth, Queens on October 21, 2021.
• Laquila Group sold 58-38 47th Street, Queens, Queens for $26 million to LBA Realty on June 08, 2020.
Latest Stories:
• RXR, LBA Realty, sign $235M refi for Amazon-occupied industrial in Maspeth (February 04, 2025)
• $388M internal transfer at RXR, LBA Logistics Maspeth warehouse leased to Amazon (March 15, 2023)
• LBA Realty pays $34M to Leser Group for three properties in Brooklyn (September 07, 2022)
• Leser Group borrows $53M from TASE bondholders for property in Brooklyn, Bronx (August 03, 2020)
• Commercial and logistics firm LBA Realty pays $26M for vacant land in Maspeth (June 09, 2020)
Properties: