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Monday Properties Enters Industrial Sector via Westchester County
Monday Properties acquired 1 Half Moon Bay Dr., a 120,000-square-foot warehouse and distribution center in the village of Croton-On-Hudson in Westchester County. In partnership with Nexjen Real Estate and KPR Centers, the deal marks Monday’s first industrial acquisition as it continues to diversify into various asset classes and expand within the Tri-State area.
Originally built in 1974, the building was renovated in 2005 to offer tenants additional warehouse and office space. Regional tire wholesaler Max Finkelstein Inc., which was acquired by US Ventures in 2022, occupies the building as a single user.
“The industrial market is strong in Westchester County due to limited inventory, virtually no new supply, and continued demand from a diverse tenant base,” said Adam Carr, EVP of acquisitions and capital transactions at Monday Properties. “Industrial assets of this size and quality in this market are rarely available.”
- ◦Sale/Acquisition