Eagle Cliff Picks Up Long Island Industrial Development
JLL negotiated on behalf of the seller and procured the buyer.
Image by EFAFLEX_Schnelllauft via Pixabay
Eagle Cliff Real Estate Partners has purchased the development site of Holbrook Logistics Center, a Class A industrial project totaling 108,023 square feet in Long Island, N.Y. JLL negotiated on behalf of the seller and developer, while also procuring the buyer.
Located at 4955 Veterans Memorial Highway, the to-be-built project was designed to include 36-foot clear heights, two drive-in doors, 22 loading positions, a 60-foot speed bay and 108 parking spots. Completion is expected in the third quarter of 2024.
The 9-acre development site is close to Sunrise Highway and Long Island MacArthur Airport. The property is also within 3 miles of Long Island Expressway, providing future tenants access to more than 1.7 million households in the area, including easy connectivity to Brooklyn, Redhook Container Terminal and Newark, N.J.
The JLL Capital Markets Investment Sales and Advisory team included Senior Managing Director Jose Cruz and Associate Mark Belenky, Directors Nicholas Stefans and Jason Lundy, as well as Managing Directors Jordan Avanzato and Marc Duval.
Another project recently moved forward in the area: Innovo Property Group topped out a 900,000-square-foot mixed-use development in Long Island. Expected to be completed in early 2024, the facility will be the home of a 680,000-square-foot, last-mile distribution center.
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