Picture by EFAFLEX_Schnelllauft through Pixabay
Eagle Cliff Actual Property Companions has bought the event website of Holbrook Logistics Middle, a Class A industrial undertaking totaling 108,023 sq. toes in Lengthy Island, N.Y. JLL negotiated on behalf of the vendor and developer, whereas additionally procuring the client.
Positioned at 4955 Veterans Memorial Freeway, the to-be-built undertaking was designed to incorporate 36-foot clear heights, two drive-in doorways, 22 loading positions, a 60-foot pace bay and 108 parking spots. Completion is anticipated within the third quarter of 2024.
The 9-acre growth website is near Dawn Freeway and Lengthy Island MacArthur Airport. The property can also be inside 3 miles of Lengthy Island Expressway, offering future tenants entry to greater than 1.7 million households within the space, together with straightforward connectivity to Brooklyn, Redhook Container Terminal and Newark, N.J.
The JLL Capital Markets Funding Gross sales and Advisory staff included Senior Managing Director Jose Cruz and Affiliate Mark Belenky, Administrators Nicholas Stefans and Jason Lundy, in addition to Managing Administrators Jordan Avanzato and Marc Duval.
One other undertaking just lately moved ahead within the space: Innovo Property Group topped out a 900,000-square-foot mixed-use growth in Lengthy Island. Anticipated to be accomplished in early 2024, the ability would be the residence of a 680,000-square-foot, last-mile distribution heart.
