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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.
- ◦Sale/Acquisition
- ◦Development