Westrock Development

Westrock Development NYC portfolio

$25.3 million -industrial 98%, development 1%; Bronx 76%, Queens 23%*

3141th largest portfolio by dollar value

112,743 sqft – industrial 100%; Bronx 78%, Queens 21%

2208th largest by SF

9 properties – Bronx 88%, Queens 11%

1239th largest

Top Ten Associated Companies:

First Bank (1), Turnbridge Equities (1), Dune Real Estate Partners (1), Webster Bank (1)

Top Ten Associated People:

Eric Calder (1)

Recent activity as company:

• Westrock Development borrowed $5.5 million from First Bank for 825 East 140 Street on March 24, 2021.

• Marvin Lerman sold 18-19 41 Street for $6 million to Westrock Development on October 30, 2020.

• David Haber sold 825 East 140 Street for $8.3 million to Westrock Development on October 29, 2020.

• Westrock Development borrowed $6 million from Webster Bank for 432 East 165 Street on September 18, 2020.

• Isaac Kubersky sold 432 East 165 Street for $14 million to Westrock Development on September 16, 2020.

• Westrock Development sold None for $32.5 million to Dune Real Estate Partners on August 31, 2020.

• Isaac Kubersky sold 432 East 165 Street for $0 to Westrock Development on March 04, 2020.

• Westrock Development sold None for $0 to Turnbridge Equities on November 04, 2019.

Properties:

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