New York & Tri-State + Tri-State + Industrial | February 7, 2019

Milvado Sees Leasing Momentum for LI Industrial

Following last year’s brisk leasing activity for warehouse space on Long Island, Milvado Property Group sees the trend continuing and even accelerating. The Syosset, NY-based Milvado leased or renewed more than 50,000 square feet during January.

“E-commerce is driving retailers’ insatiable appetite for super large warehouse space to accommodate products purchased online,” said David Hercman, regional director at Milvado. “We are in the process of updating and repurposing many of the industrial properties in our portfolio to meet this 21st century heightened demand.”

In the largest of the deals, California Fragrance Company expanded and renewed for a total of 22,032 square feet at 171-175 2nd St. in Huntington Station, NY. At 575 Underhill Blvd. in Syosset, Golden House Cabinets leased 20,000 square feet of industrial space. Nick Gallipoli of Cushman & Wakefield represented Golden House, while the landlord was represented in-house.

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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).