Venture One Readies Groundbreaking on Suffolk County Industrial
Venture One plans to develop two sites totaling 17.10 acres and located at 49 Wireless Blvd. in Hauppauge, NY and 2950 Veterans Memorial Hwy. in Bohemia, NY. The developer plans to break ground on the two class A industrial facilities within Long Island’s Suffolk County in the third quarter, with delivery slated for Q3 2023.
“With vacancy on Long Island at an all-time low of 2.50%, we believe there is a demand for modern industrial product which is equipped with dedicated fleet and trailer parking,” said Brian McDonagh, VP– Northeast region at Venture One.
Cushman & Wakefield’s Thomas DeLuca, Frank Frizalone and Nick Gallipoli have been retained to market Venture Park Hauppauge and Venture Park Islip and for lease on behalf of Venture One. Additionally, Cushman & Wakefield represented Venture One in the acquisition of the development sites.
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).