LBA Realty

3347 Michelson Drive Suite 200 Irvine, CA 92612

People:

To see the 2 people from this company you need a Professional level subscription

Subscribe ($125/month)

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)

• LBA Realty signs $22.8M initial loan with City National Bank for industrial in Red Hook (June 14, 2023)

• $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)

• LBA Realty signs $19.2M initial loan with Bank of America for industrial in Maspeth (October 22, 2021)

• RXR Realty gets $316M construction loan from JPMorgan Chase for logistics project in Maspeth (December 04, 2020)

• 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:

To see the 6 properties for this company you need a Professional level subscription

Subscribe ($125/month)

*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

Leave a Reply