Triangle Equities Lands $87M Loan for Massive JFK Warehouse Project

Triangle Equities, along with investment partners Township Capital and L&B Realty Advisors, has secured an $87 million construction loan from CIT Group to deliver a groundbreaking industrial development near John F. Kennedy International Airport. Known as the Terminal Logistics Center, the five-story facility will offer approximately 300,000 square feet of Class A warehouse space tailored to meet skyrocketing e-commerce and air-cargo demands. The site will include 29 loading dock positions, fully equipped truck courts, and direct access for freight operators—signaling Triangle’s continued focus on modern, infrastructure-adjacent development. The company acquired the site for $25.4 million in 2018.

Strategically located at 130-24 South Conduit Avenue in Queens, the project is designed for “last-mile” logistics, with easy access to JFK and key transit corridors. Construction is anticipated to proceed swiftly, with the goal of opening for tenant occupancy by fall—a timeline that addresses acute industrial space shortages within the New York metro market.

The Terminal Logistics Center highlights Triangle Equities’ expansion into the fast-growing industrial sector, especially within high-density urban contexts where supply-chain optimization is critical. Beyond real estate development, the project reflects a broader initiative to support e-commerce infrastructure, advance local economic growth, and activate underutilized sites in transportation-rich markets.