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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.”
- ◦Sale/Acquisition
