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New York & Tri-State  + Long Island + New York  + Industrial  |  April 14, 2023
Emily Fu
By: Emily Fu

Cushman & Wakefield Arranges Sale of 13-Acre Development Site in Long Island  

Mary Spina Realty and Philip Spina Realty have bought a 12.68-acre development site located at 590 Long Island Avenue in Medford, New York, for a final sale price of $4 million from Blue Sky Endeavors. The site, which is divided into two main lots, offers redevelopment opportunities for commercial, industrial, or storage purposes and is expected to be used for renewable and sustainable energy development.  

The seller was represented by Cushman & Wakefield’s Daniel Abbondandolo and Rob Cullen, while the buyer was represented by David Pennetta and Stephen Cadorette of Cushman & Wakefield. 

“As all land deals on Long Island have their nuances, this transaction represents the tremendous development opportunities Suffolk County offers.” said Abbondandolo, “the site is positioned along Long Island Expressway South Service Road, the property boasts unparalleled direct frontage and outstanding accessibility.” 

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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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