Westrock Development inks contract to buy 7 industrial parcels in Morrisania

Jason Friedland’s Westrock Development through the entity SHLP 149 LLC signed a contract with Isaac Kubersky’s A & I Bronx Realty Corp. to buy 432 East 165th Street, 434 East 165th Street, 442 East 165th Street, 439 East 164th Street, 437 East 164th Street, and others in Morrisania. The deal closed on March 4, 2020, and was recorded on March 26, 2020. The transaction consists of 7 parcels, including the tax class miscellaneous warehouse (E9). The parcel(s) have total development potential of 132,182 square feet.

The parties signed a purchase and sale agreement on March 4, 2020. A closing date was not noted in the memorandum of contract. Jason Friedland is president of Westrock Development, which is owned by the Friedland family which owns Friedland Realty. Westrock signed a contract in November to sell a Bronx parcel at 920 East 149th Street to Turnbridge Equities. No sale on that parcel has been recorded yet. 

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