Barbara and Americus speak with Andrew Chung, CEO and Founder of Innovo Property Group about the future of e-commerce along with his new project 2505 Bruckner Blvd.
Andrew Chung currently serves as the CEO of Innovo Property Group (IPG), a premier industrial developer for urban locations involved in more than $1.7 billion of invested equity. Prior to founding IPG in 2015, Andrew was a principal at Carlyle Group’s New York real estate fund for 10 years. He served as head of the New York office for the Real Estate Fund for 10 years. Mr. Chung is currently a member of the Advisory Board for NYU Schack Institute of Real Estate. He was also honored by ranking in the New York Observer’s “Power 100: The Most Powerful People in NY Real Estate” in 2009, 2010, 2011, 2012, 2013 and 2014. He earned his undergraduate degree at Wharton at the University of Pennsylvania.
One of IPG’s most exciting new projects is 2505 Bruckner, a state-of-the-art, 700,000 square foot “last mile” logistics property on 20 acres in the Bronx, set for completion in 2020. With today’s growing demand for same-day and two-hour deliveries, the property is uniquely located near major highways to serve NYC area customers. It will be the first trophy logistics property in New York and will set the bar for future development.
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