....February 7, 10:17 AM
	LIC Building Sold LIC’s Standard Motor Products Corporate Headquarters. The long, grey building that lines Northern Boulevard around 37th St. in Long Island City found buyers who will change the 300,000 square-foot space into multiple loft-style commercial tenancy with ground floor retail. After nine months, Standard Motor Products Corporate Headquarters, 37-18 Northern Blvd., sold the building to an out-of-state pension fund, EX 11 Northern Boulevard Acquisition LLC, for $40.6 million. A total of 18 parties vied for the space but SMP required the property to be maintained as a first class commercial structure compatible with their continued occupancy of up to a 30 year lease-back, as well as, flexible occupancy, in-building dining service and enhanced security. The Greiner-Maltz marketing team represented the seller and Greiner-Maltz brokers represented the purchaser.