JLL Arranges Sale of 210K-SF Industrial Portfolio in New York Metro

Reuters12-16
JLL Arranges Sale of 210K-SF Industrial Portfolio in New York Metro

Jones Lang LaSalle Inc. $(JLL)$ has arranged the sale of the Northern I-287 Small-Bay Portfolio, a four-building industrial complex totaling 209,792 square feet in Valley Cottage, New York. JLL represented the seller, a private individual, in the transaction with East Capital Partners and also secured acquisition financing through PCCP LLC for the buyer. The portfolio, spanning 16.48 acres, is 96 percent leased to 27 tenants from various industries and features flexible suite sizes, dock-high and drive-in doors, and ample parking. The properties are strategically located with strong connectivity to major highways and densely populated markets, positioning them well to benefit from ongoing demand for small-bay industrial space in the region.

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