New York & Tri-State + Long Island + Industrial | December 21, 2021

BEB Capital, Rockpoint Target Northeast Industrial with JV

BEB Capital has launched a programmatic joint venture with private equity firm Rockpoint Group. The JV will target an investment pipeline of up to $1 billion of industrial assets in the Northeast, with a primary focus on Long Island.

The partnership has assembled nearly 660,000 square feet of industrial assets to date, including the recent Long Island acquisitions of 44 Ramsey Rd. in Shirley and 100 Marcus Blvd. in Hauppauge.

“The U.S. industrial and last-mile logistics sector continues to be red-hot, and with the growth of e-commerce accelerating during the pandemic, we expect there to be continued strong demand in this asset class,” said Lee J. Brodsky, CEO of BEB. “Together with Rockpoint, an institutional partner that aligns with our entrepreneurial values and market outlook, we’re poised to continue to grow a value-add portfolio that will capitalize on the economic tailwinds driving the real estate industry and broader economy forward.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).