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Rockefeller Group Divests Long Island Industrial to NorthBridge
Cushman & Wakefield arranged the sale of Rockefeller Group’s Candlewood Industrial Park, two Class A industrial buildings totaling 560,719 square feet at 145 and 158 Candlewood Rd. in Bay Shore on Long Island. The sale price wasn’t disclosed.
A Cushman & Wakefield team of Gary Gabriel, Kyle Schmidt, Ryan Larkin and Seth Zuidema represented Rockefeller Group and procured the buyer, NorthBridge Partners. Thomas Deluca and Nick Gallipoli, also of Cushman & Wakefield, will serve as exclusive leasing agents on behalf of NorthBridge.
“Candlewood Industrial Park represented an opportunity of scale in Suffolk County where barriers to entry are high and leasing demand remains elevated,” said Gabriel.
Schmidt added, “Candlewood Industrial Park offered a rare opportunity to acquire modern, divisible buildings within the sought-after Long Island industrial market.”
Candlewood Industrial Park features two buildings developed in 1999 and 2013. Rockefeller Group acquired and renovated 158 Candlewood before lease-up and sale.
Michael Brennan will receive 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!
- ◦Sale/Acquisition
