Retail-Focused Triangle Equities Secures $32M Financing for Air-Cargo Warehouse

Triangle Equities has secured approximately $32.1 million in financing for a planned air-cargo and logistics warehouse development near John F. Kennedy International Airport in Queens. The financing package supports the industrial repositioning of a former retail property into a cutting-edge logistics asset purpose-built for air-cargo operations and e-commerce fulfillment.

The project signals a notable strategic shift for Triangle Equities—from a historical emphasis on retail and mixed-use development to a sharper focus on industrial and supply-chain real estate. With e-commerce growth transforming customer delivery expectations, urban industrial facilities located close to major transit and airport infrastructure have become vital components of modern distribution networks.

Located just minutes from JFK’s cargo terminals, the site is ideally suited for "last-mile" logistics operators, freight forwarders, and other air-cargo dependent users. The scarcity of industrial-zoned land in Queens, alongside record-low vacancy rates, further underscores the project’s value in absorbing increased demand for high-quality, transportation-adjacent industrial space in New York City.