Commercial Observer Midwood Development Corp. has paid $23.4 million, or $1,070/sf, for the 21,856-square-foot retail property at 38-02 Junction Blvd. in the Corona section of Queens, N.Y. The Brooklyn, N.Y. nonprofit acquired the property from Crown Acquisitions of New York. It is unclear what Midwood’s plans are for the property. Tenants include discount store ABC […]

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