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Crow Holdings Development Acquires 92-Acre Parcel North of NYC

JLL completed the sale of a 92-acre industrial development site in Wallkill, NY, an Orange County community north of New York City, on behalf of New Jersey-based Vision Real Estate Partners. Located at 350 Silverlake-Scotchtown Rd. on a site known as Golden Triangle, the fully approved industrial development parcel was acquired by Crow Holdings Development (CHD) for an undisclosed sum.

CHD plans to break ground on the first phase of what will become Golden Triangle Logistics Center in the third quarter. At full buildout, it will span more than 800,000 square feet.

JLL Northeast Industrial vice chairman Rob Kossar and executive managing director James Panczykowski brokered the sale with Capital Markets senior managing directors Jon Mikula and Jim Cadranell. Kossar and Panczykowski will also lead agency leasing at the property.

“This sale presented Crow Holdings Development with a rare opportunity to own a development site of scale in a space-constrained region with an outstanding regional and local logistics profile,” said Panczykowski.

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JLL's Panczykowski

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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).

  • ◦Sale/Acquisition
  • ◦Development