Sitex Group

Sitex Group NYC portfolio

$128.7 million -industrial 91%, retail 8%; Queens 62%, Brooklyn 21%, Bronx 15%*

1291th largest portfolio by dollar value

174,644 sqft – industrial 97%, retail 2%; Bronx 56%, Queens 39%, Brooklyn 4%

1711th largest by SF

7 properties – Queens 42%, Bronx 28%, Brooklyn 28%

1454th largest

Company Activity past 24 months:

Buyer company: 1 for $15.2 million

Top Ten Associated Companies:

Global Logistic Properties (2), Lake Forest Bank & Trust Company (1), Santander Bank (1), Carlyle Group (1), CIT Bank (1), Canadian Imperial Bank of Commerce (1)

Top Ten Associated People:

Brian Milberg (2), Brian D. Milberg (1)

Recent activity as company:

• United Parcel Service sold 4215 Boston Road for $15.2 million to Sitex Group on December 29, 2025.

Sitex Group borrowed $21.5 million from Santander Bank for 360 Kingsland Avenue on April 12, 2022.

Joseph Rizzuto sold 360 Kingsland Avenue for $30 million to Sitex Group on January 14, 2022.

• Salem Truck Leasing sold 58-80 Borden Avenue for $49.5 million to Sitex Group on October 29, 2021.

Sitex Group borrowed $34.5 million from CIT Bank for 58-80 Borden Avenue on October 29, 2021.

Sitex Group borrowed $7 million from Lake Forest Bank & Trust Company for 54-12 48 Street on October 21, 2021.

Sitex Group sold 54-12 48 Street for $11.6 million to Carlyle Group on October 21, 2021.

JPMorgan Chase sold 54-12 48 Street for $8.2 million to Sitex Group on August 24, 2021.

• Estate of Marco Eugene sold 1159 Commerce Avenue for $5.1 million to Sitex Group on August 05, 2020.

Sitex Group sold 66-31 Otto Road for $40 million to Global Logistic Properties on June 11, 2020.

Latest Stories:

• Sitex Group pays $15.2M to UPS for warehouse in Eastchester (January 12, 2026)

• Sitex Group pays $30M to Joseph Rizzuto for dev site in Greenpoint (February 17, 2022)

• Sitex, Carlyle Group signs $7M acquisition loan for dev site in Maspeth (December 07, 2021)

• Sitex Group signs $34.5M acquisition loan with CIT Bank for industrial in Maspeth (December 03, 2021)

• Sitex Group pays $49.5M for industrial dev site in Maspeth (November 17, 2021)

• Carlyle Group acquires from Sitex Group stake in $11.6M in Maspeth dev site (November 08, 2021)

• JPMorgan Chase sells Maspeth dev site to Sitex Group for $8.2M (September 13, 2021)

• GLP Capital signs $112M initial loan with Wells Fargo for warehouses in Glendale (July 20, 2021)

• Sitex Group pays $5M to Estate of Marco Eugene for property in Parkchester (September 14, 2020)

• Sitex Group, Global Logistics value property at $112M following lease buy outs at industrial property in Glendale (June 24, 2020)

Properties:

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