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New York & Tri-State  + Long Island  + Industrial  | 
4320 Veterans Memorial Highway Holbrook NY JLL

JLL Closes Sale of Class A Long Island Industrial

JLL Capital Markets closed the $50-million sale of a Class A, 237,600-square-foot industrial distribution center at 4320 Veterans Memorial Hwy. in the Long Island community of Holbrook, NY. The team of Jose Cruz, Marc Duval, Jordan Avanzato, Tyler Peck and Nicholas Stefans marketed the property on behalf of Drake Real Estate Partners and Pacer Partners.  

Invesco Real Estate acquired the property, which was built in 1962 as part of the national headquarters campus for Nature’s Bounty, a global manufacturer, marketer, distributor and retailer. The building features clear heights ranging from 18 to 30 feet, 37 loading docks, office space and ample parking. 

“Long Island is one of the fastest rising industrial markets in the Northeast due to its strong demographics and market fundamentals,” Duval said. “We’ve been focused on bringing capital to the Long Island market, as the demand drivers are poised to support further growth.” 

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Inside The Story

JLL’s Duval

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).

  • ◦Sale/Acquisition
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