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Real Estate Rumors: Phoenix Realty, ABJ, Spencer Equity

By Andrew McIntyre (October 7, 2016, 1:14 PM EDT) -- Phoenix Realty Group has bought the ground lease for a factory in Queens' Jamaica neighborhood for $34.3 million, The Real Deal reported on Thursday, citing public records. The deal is for the ground lease for 147-07 94th Ave., a 46,000-square-foot property that has 420,000 buildable square feet, according to the report. The ground lease is for 52 years, The Real Deal said....

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