As first-round bids are collected on the former Standard Motor building in Long Island City, the New York metro market is watching investor interest in the first widely marketed Class A office property that will be traded there in several years.

Acumen Capital Partners put the heavily renovated 315,000-square-foot Northern Boulevard building on the block last month, tapping CBRE's Darcy Stacom, Bill Shanahan and Paul Gillen to handle the sale. Recent sales of similar stock in the submarket have primarily included....

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