JLL Capital Markets closed the $62.75-million sale of the I-287 Multi-Tenant Light Industrial Portfolio, a three-building, 261,950-square-foot light industrial portfolio in Valley Cottage, within New York State’s Rockland County.

The JLL Suburban Tri-State Capital Markets team represented the sellers, Lincoln Equities Group LLC and PCCP. Invesco Real Estate, the $85-billion global real estate investment business of Invesco Ltd., acquired the property.

The portfolio consists of three properties: 616 Corporate Way (64,000 square feet), 618 Corporate Way (85,790 square feet) and 711 Executive Blvd. (112,160 square feet). The three properties were built between 1999 and 2008.

The buildings feature suites ranging from 2,720 to 42,075 square feet, providing a mix of traditional warehouse space with up to 30-foot clear ceiling heights and shallow-bay light industrial space with 20-foot clear heights. The portfolio is 97% leased to 17 tenants across industries including logistics, storage, sales, showrooms, servicing and healthcare.

Register Today to “Be in the Room” when Michael Brennan receives Connect CRE’s Lifetime Achievement Award and will participate in the Keynote Interview with Kevin Brennan, also of Brennan Investment Group. Join us at Connect Industrial Midwest 2025 on the afternoon of Wednesday, March 5, at Joe’s Live in Rosemont, IL, for this exclusive presentation!