LONG ISLAND, NY – AVR SP Brookhaven JV LLC, a newly-formed joint-venture partnership between nationwide actual property agency AVR Realty Co. and privately-owned actual property growth and funding firm Scannell Properties, is ready to start development on a 400,000-square-foot, state-of-the-art logistics growth in Brookhaven, Long Island.
The speculative mission, titled Precision Innovation Park, will comprise two amenities. The 150,000-square-foot Building One will function 36-foot clear heights, 28 dock doorways, 28 trailer stalls and 150 parking areas. Building Two will comprise 250,000 sq. ft and can function 40-foot clear heights, 42 loading doorways, 52 stalls and 250 parking areas.
Located alongside the Long Island Expressway instantly off of Exit 68, the amenities will supply LED lighting with movement sensors, ESFR sprinkler methods, roof-mounted heating items, full circulation design and potential IDA monetary incentives.
Construction on the event will start quickly, with supply anticipated in early 2023.
The partnership has retained JLL as the event’s unique leasing agent. The JLL group might be led by vice chairman Rob Kossar, government managing director Leslie Lanne, senior managing director Seth Geldzahler, managing director Tom DiMicelli and government VPs Doug Omstrom and Max Omstrom.
Located in Suffolk County, NY, Precision Innovation Park is located inside half-hour of a inhabitants totaling greater than 800,000 with a median annual family earnings greater than $100,000. In addition, the event is situated one mile from the 332-acre grasp deliberate neighborhood, The Boulevard, in Yaphank, NY.
“The location of this facility is good for firms looking for a logistics middle with direct entry to the Long Island Expressway and Long Island’s prosperous and dense inhabitants,” states Lanne. “Coupled with its state-of-the-art design and aggressive working prices, Precision Innovation Park provides extraordinary flexibility at a time of accelerating demand for logistics area.”
“We are excited to deliver our experience in the economic market to a mission by two forward-thinking builders who mix native market data with deep industrial growth experience,” says Geldzahler. “The partnership is well-positioned to deliver Precision Logistics Park to market at a time of accelerating demand from e-commerce, meals and beverage, and manufacturing firms.”
https://www.globest.com/2022/04/15/jv-to-develop-400k-sf-logistics-center-in-long-island/
