A medical waste management company with a global reach is expanding with its first Long Island facility.
Daniels Real Estate Acquisition Inc., an affiliate of Daniels Health, purchased the 23,159-square-foot industrial building on 1.5 acres at 445 Winding Road in Old Bethpage for $6.69 million. The property was formerly owned by a trucking firm and the sale price equates to $289 per square foot.
Daniels Health, which designed the widely used Sharpsmart waste containment system, services all medical waste streams generated by healthcare facilities, including regulated medical waste, sharps waste, pharmaceutical waste, chemotherapy waste and hazardous waste.
The company serves several health systems in New York State, including Stony Brook Medicine, according to its website. Its New York facility is located in the Bronx and the Old Bethpage acquisition will bring Daniels closer to the growing medical community on Long Island and reduce truck trips to the Bronx and beyond.
Founded in 1986, Daniels Health is a subsidiary of Australian waste management conglomerate Cleanaway, which acquired Daniels’ parent company Toxfree Solutions in May 2018 in a $700 million deal, according to Australian Financial Review. Publicly traded Cleanaway reported fiscal year 2025 revenue of $3.85 billion.
Daniels Health has operations throughout the U.S., Australia, Canada, Europe and South Africa.
Paul Leone of CBRE represented the buyer, while Gary Chimeri and Michael Berndt of Paramount Properties Group represented the seller, Quarter to Five Inc., in the Old Bethpage sales transaction.
“The price per square foot is an all-time high for the area and only continues to show the strength of the industrial market for a desired product,” Chimeri told LIBN.
Industrial demand remains strong from pharmaceutical and home goods sectors.
Cold storage construction grows as e-commerce and food logistics expand.
Transit-oriented housing, casinos, and infrastructure projects expected to rise.
Financing challenges, high construction costs, and approvals may slow development.
With 2025 soon in the rearview mirror, Long Island’s real estate and construction leaders are looking ahead to next year, and what trends will dominate the commercial landscape.
MARIO ASARO: ‘I am having some discussions with key players to offer some interesting strategies to target some specialized tenants that might ensure these buildings are not sitting vacant in the coming years.’
Certain industrial sectors have shown promising activity that will likely carry over into 2026. “The pharmaceutical industry here on Long Island continues to grow and absorb industrial inventory,” says Mario Asaro, president of Industry One Realty in Melville. “Other tenants buying industrial properties are home goods and improvement distribution companies.”
However, new industrial inventory coming online may prevent vacancies from falling significantly. “There are a few projects in Melville and Bethpage that should get absorbed quickly because of their location,” Asaro says, “but what concerns me is additional large industrial buildings being built on speculation for lease only over the next 12-18 months.”
In order to fill these vacancies, Asaro is focused on finding companies that make a good fit for these spaces, along with some creative approaches to leasing. “I am having some discussions with key players to offer some interesting strategies to target some specialized tenants that might ensure these buildings are not sitting vacant in the coming years.”
Construction firms project the hot market for cold storage to continue after a booming 2025. “Across Long Island and the broader New York region, demand for cold storage is being driven by e-commerce, food logistics, and pharmaceutical distribution, and those needs remain steady,” says Michael Adler, director of business development for Aurora Contractors in Ronkonkoma. “With limited high-quality cold storage inventory in the market, we see a consistent pipeline ahead rather than a short-term cycle.”
MICHAEL ADLER: ‘Many Long Island communities are prioritizing transit-oriented developments, condominiums, and market-rate apartments to expand housing options and support smart-growth planning around their downtowns.’
The aging stock of existing cold storage facilities necessitate further development to meet the demand for space that is custom-tailored for activities such as e-commerce and grocery delivery, each of which have seen significant growth on Long Island. “The market still lacks sufficient modern, purpose-built facilities—many existing cold storage buildings are 20-plus years old and no longer meet the operational needs of today’s users,” says Dale Koch, principal at Bohler in Melville.
There is already momentum in the sector, and firms have reason to believe more development activity is on the horizon. “The Trader Joe’s and Venture Park projects are exciting examples of the kinds of construction projects that the need for modern cold storage facilities has created,” says Stephen Hayduk, principal and chief engineer of Hayduk Engineering in Ronkonkoma, referring to projects currently under way in Islandia and Hauppauge. “Modernization of this type of infrastructure is good for the environment, and good for business.”
Some firms foresee more activity in residential construction. “Many Long Island communities are prioritizing transit-oriented developments, condominiums, and market-rate apartments to expand housing options and support smart-growth planning around their downtowns,” Adler says.
Increased casino and hospitality sector development on Long Island could also lead to more construction activity. “We’re closely watching the momentum around casino and gaming proposals,” says Adler. “These large-scale entertainment and hospitality projects carry significant potential for the region, and our experience within the gaming market sector and other highly technical developments positions us well to support them as they advance in the coming year.”
STEPHEN HAYDUK: ‘The Trader Joe’s and Venture Park projects are exciting examples of the kinds of construction projects that the need for modern cold storage facilities has created.’
In addition to housing, civil engineering and infrastructure projects are expected to keep firms busy, including Suffolk County’s sewer expansion, to which Hayduk Engineering has contributed design support. “Here on Long Island, we will also be handling site and civil design for the Mastic Beach Revitalization and other housing projects,” Hayduk says.
Recent zoning initiatives mean more makeovers are on the way for Long Island’s retail landscape, driving the ‘de-malling’ trend into the new year. “We expect big box conversions to remain active, driven largely by ongoing efforts to reposition aging shopping centers across Long Island,” Koch says. “Commercial redevelopment zones—especially flexible floating zones like Brookhaven’s CRD—continue to incentivize this type of investment.”
The growth of the region’s healthcare industry may also spur local development, and Koch believes Bohler is primed for meeting the coming demand. “Healthcare is another area where we’re seeing a clear uptick heading into 2026,” he says. “As major healthcare systems continue to merge, grow, and rethink their real estate strategies, our in-house survey team is helping them fully understand their existing assets and evaluate opportunities for repurposing.”
Among the perennial obstacles that are believed to be impeding all types of development activity on Long Island, financing woes may tie up capital that could otherwise drive growth in the industrial real estate sector. “One major challenge is the wave of commercial mortgage-backed securities loan maturities hitting the market in 2026, which will put a lot of pressure on the industrial and flex building owners who can’t refinance at today’s higher rates,” explains Asaro. “Another continued concern is the high cost of construction… even with the scarcity of developable land, construction costs drive up the price of good potential development projects.”
DALE KOCH: ‘We expect big box conversions to remain active, driven largely by ongoing efforts to reposition aging shopping centers across Long Island.’
A complex and convoluted approval process for construction projects could continue to cause a slowdown in activity. “One of the ongoing challenges on Long Island is navigating the municipal approvals process, whether entitlements, site plan approvals, or zoning updates that help modernize long-standing requirements,” notes Adler. “These efforts require early coordination and close engagement with local agencies, and the timeline can be a real hurdle for developers, particularly in mixed-use and residential projects.”
Even with surging demand, finding talent to support large-scale projects remains difficult. “Recruitment of experienced project managers in the current environment has been a challenge,” admits Hayduk.
Despite the potential bumps in the road, industry leaders like Adler remain optimistic in their outlook. “When owners, design teams, and public officials collaborate early and often, we’ve seen that good projects can move forward in a way that benefits both the community and the long-term development goals of the region.”
The company, which manufactures custom metalwork, purchased the 16,000-square-foot building on 2.24 acres at 740 Blue Point Road for $3.95 million. The property was formerly occupied by a perfume packaging firm.
Coco is expanding and relocating from leased space on Allen Boulevard in East Farmingdale after the company outgrew that space.
After considering a move to North Carolina, Coco received economic incentives from the Town of Brookhaven Industrial Development Agency, including sales and mortgage tax exemptions and a 10-year payment-in-lieu-of-taxes agreement for the expansion in Holtsville, where it will bring 22 employees and plans to add three more jobs, according to the IDA. Employees at the company earn from $47,000 to $71,000 annually.
“We are pleased to help keep manufacturing on Long Island, and in particular in the Town of Brookhaven,” Frederick Braun, Brookhaven IDA chairman, said in a written statement. “It’s nice to see a family business, especially one that wants to stay local, work with us.”
Founded in Manhattan in the early 1900s, Coco specializes in custom metalwork for the HVAC industry and also performs laser cutting, die casting, welding, and finishing of aluminum, brass, bronze, stainless steel, and steel.
Andrew Blumenthal and Mark Timpone of Metro Realty Services represented the buyer, 240 Blue Point Realty LLC, while their Metro Realty Services colleague Nicholas Romano represented the seller, 740 Realty Corp, in the Holtsville sales transaction.
An industrial building in Westbury has two new tenants.
Sunrise Candy leased 11,000 square feet of industrial space at 27 New York Ave. in Westbury. The company, which also has a location in Plainview, is expanding.
The other new tenant is All Pro Automotive, which leased 8,388 square feet of industrial space in the same building, which has a different address at 18 Sylvester St., since it runs from New York Avenue through to Sylvester Street.
The Westbury property was purchased by New Tiger International in Jan. 2018 for $3 million. The company, which processes, imports, and distributes several varieties of dried, frozen, fresh, and canned mushrooms, along with some tofu products, had occupied the building for a few years, but decided to leave the property since it has another 26,142-square-foot building nearby at 117 State St. in Westbury and a 33,500-square-foot building in Bellport it purchased for $4.75 million in Jan. 2019.
Danny Paggy of Commercial Industrial Hub and Jason Auffarth of Shalom & Zuckerbrot represented Sunrise Candy, while Dan Gazzola and Chuck Tabone of Newmark represented All Pro Automotive, as well as the landlord, Westbury Fortune Development LLC, in both Westbury lease transactions.
An industrial property in Ronkonkoma has traded for $2.425 million.
Cutler Industrial Sales purchased the 10,000-square-foot building on .75 acres at 22 Colt Court.
The company, a manufacturers’ representative firm that promotes products in the specialty tools and supplies, machine shop and metalworking industries, has been headquartered in Islip Terrace.
The Ronkonkoma industrial building also has about 4,000 square feet of office space. It was formerly owned and occupied by Consigli Building Group, a family-run, employee-owned construction firm.
Consigli leased 2,068 square feet of office space at 445 Broadhollow Road in Melville, where it will relocate its Long Island operations. Consigli recently acquired the New York and New Jersey operations of Lendlease, a global construction company.
Jeremy Hackett of Metro Realty Services represented Cutler, while Dan Gazzola and Chuck Tabone of Newmark represented the seller, Consigli, in the Ronkonkoma sales transaction.
“We have an 18-year history with this property, which we’ve sold four times,” Gazzola said. “It is a great value due to the quality of the building.”
Gazzola and his Newmark colleague Jordan Oliver represented Consigli, while Adam Levine served as in-house representative for the landlord, Levine Organization, in the Melville lease.
Rexford is not slowing down after its billion-dollar-buy from Blackstone.
Rexford Industrial Realty has bought a warehouse in the Orange County city of Fullerton for $94.2 million, The Real Deal has learned.
The firm paid about $338 a square foot for a roughly 279,000-square-foot warehouse at 1911 East Rosslynn Avenue, according to property records filed with Orange County. The property is fully leased, according to Rexford’s website. No loan was filed in connection with Rexford’s acquisition, making it likely Rexford paid in all cash, as it often does.
The seller was American Realty Advisors, which had owned the building since 2005, records show.
The deal comes less than two months after Rexford spent $1 billion to buy 48 industrial properties across Los Angeles and Orange counties from Blackstone. That deal came out to about the same on a per-square-foot basis: $332 a foot.
Rexford has reaped the benefits of Southern California’s tight industrial market over the last few years, which came to a head in 2021, when vacancy across many Southern California industrial markets dropped below 1 percent, as consumers pivoted to more online shopping during the pandemic and companies needed extra space to store goods.
The real estate investment trust’s purchases have been slowing. In 2023, the firm spent $1.5 billion to acquire property in 2023, down from $2.4 billion in 2022.
The vacancy rate across Orange County industrial property was 1.5 percent in the first quarter, up 0.3 percent from the quarter prior, according to a CBRE report. However, over the last 15 years, the average has stood at above 2 percent.
Other industrial hubs, including the nearby Inland Empire, have seen vacancy steadily rise and rents drop over the last 18 months, as more supply has come online and tenants have pulled back from expansion.
A growing wholesale dairy distributor leased 40,000 square feet of industrial space in Lindenhurst.
Natural Foods Inc. leased the space at 301 Henry St. to use as product storage.
The company is in the midst of construction in its redevelopment of a 67,307-square-foot industrial building on 2.3 acres at 159 Hanse Ave. in Freeport.
Natural Foods received economic incentives from the Town of Hempstead Industrial Development Agency for the $10 million project to acquire, renovate and equip the Freeport property.
Established in 2004, Natural Foods distributes organic, natural and dairy products to more than 900 stores in New York, New Jersey, Connecticut, and Pennsylvania.
Gary Chimeri and Luciano Oliverio of Paramount Properties Group represented the tenant, as well as the landlord, Kiyan Hassan, LLC, in the Lindenhurst lease transaction.
“Natural Foods, Inc. is building a new facility in Freeport and was in dire need of additional space,” Chimeri told LIBN. “This was a classic case of growing pains where two parties were able to benefit by leasing 40,000 square feet out of the 60,000 square feet we had available.”
A growing foodservice company is expanding and relocating with the acquisition of an Edgewood flex property.
Advantage Food Marketing purchased the 35,000-square-foot flex building on 3 acres at 131 Heartland Blvd. for $8.35 million.
The company will be relocating from Hauppauge with the help of a creative real estate transaction, according to the brokers involved, which included Daniel Gazzola and Chuck Tabone of Newmark, David Chinitz of Park Place Realty and Ralph Perna of Schacker Realty.
Advantage needed to complete a 1031 exchange as part of its expansion plan, which restricted the firm to a tight time frame to find its new digs. With Long Island’s current tight industrial market, where availability is scarce, the process was problematic.
“Fortunately, David Chinitz of Park Place Realty procured an investor buyer for Advantage’s Hauppauge property that was willing to go to contract with an all-cash deal and could grant the company up to 18 months to find the perfect building for their expansion,” Gazzola said.
159 Adams Ave. Hauppauge / Courtesy of Newmark
Advantage sold its 8,650-square-foot office building on 2 acres at 159 Adams Ave. in Hauppauge for $3 million. Chinitz represented the buyer, a Nassau County-based commercial real estate investment group, while Gazzola and Tabone represented the seller.
But Advantage still needed to find a suitable property where it could expand and relocate, which is where Perna came in with the off-market listing in Edgewood that fit the company’s requirements.
“AFM was able to sell their building and close on the purchase of 131 Heartland Blvd. within 30 days completing the 1031 exchange,” Gazzola said. “The creativity and hard work of all the brokers involved in this transaction have now given the company the room to grow their expanding business for many years to come.”
Perna represented the buyer, as well as the seller, J4SR Properties LLC, in the Edgewood sales transaction.
Founded in 1974, Advantage Food Marketing is a broker providing foodservice solutions to a variety of clients on Long Island and throughout the New York metropolitan area, serving schools, healthcare facilities, restaurant chains, hotels, catering facilities and others. The company’s staff includes bid specialists, registered dieticians, commodity coordinators and sales and marketing teams, according to its website.
PSEG Long Island has closed on its purchase of 24.3 acres in Medford that was the longtime home of Country Fair Entertainment and Event Park.
The sale price was not disclosed, though real estate industry sources say the sprawling property sold for about $16 million.
PSEG Long Island purchased the site “as agent of and behalf of” the Long Island Power Authority to develop the Medford Operations Center, according to a statement from the utility. The operations center will consist of two new warehouses totaling 37,000 square feet, as well as the existing 10,690-square-foot building on the property that will be used as administrative offices. The facility will also have parking capacity for hundreds of vehicles and trucks.
“We have worked with the Town of Brookhaven and the Medford Taxpayers and Civic Association on the proposed site plan, and we received the necessary approvals from the Central Pine Barrens Joint Planning and Policy Commission,” a PSEG Long Island spokeswoman said via email. “This property will be used for a new centralized operational center to enhance response times and the quality of service in the Brookhaven area.”
The Country Fair park, which closed at the end of last summer, had been in operation for 23 years. The property was first offered for sale three-and-a-half years ago.
“We took it to market as its exclusive broker in September 2020,” said Mark Walsh, a principal of Huntington-based Select Real Equity Advisors.
John Thomas, also a principal of Select Real Equity Advisors, said the brokerage firm explored potential uses for the site with many of the area’s top developers, including retail, multifamily, and warehouse and distribution.
“We were even in contract with a different buyer looking to develop an alternate use, but after meetings with town officials and local civics, it was determined that the best use was for the LIPA/PSEG operations center,” Thomas said. “Many jobs will be created, and the community storm response time will be greatly improved for Brookhaven residents.”
The buyer was represented by Space Realty, while Select Real Equity Advisors represented the seller, Country Fair Leasing LLC, in the sales transaction.
The ongoing demolition of the former CA headquarters in Islandia is clearing the way for the next chapter of the sprawling 72-acre property.
The work to raze the 800,000-square-foot office complex, which began earlier this month, is the first step in the industrial redevelopment planned for the site. The project aims to bring a total of 980,000 square feet of high-ceiling, modern warehousing and distribution space in eight buildings. It is one of the largest speculative industrial developments underway on Long Island.
The massive three-building office complex at 1 CA Plaza, which had been the workplace for about 3,500 CA employees in its heyday, changed owners in Oct. 2021, when two private equity firms partnered with a New Jersey landlord and a Long Island developer to acquire the property.
Axonic Capital, Taconic Capital Advisors, Onyx Equities and Paul Amoruso of Jericho-based Oxford and Simpson purchased the $165.6 million commercial mortgage-backed securities (CMBS) note on the Islandia property that former principal owner Jay Johnson had secured. After paying $24.1 million for note, the new group took ownership after negotiating with the borrower on a mutually agreed upon “friendly” foreclosure.
The CMBS loan was originated when Johnson’s real estate entity, Islandia Operators Holdings LLC, purchased the property from Computer Associates for $204.3 million in a 2006 sale/leaseback deal.
CA signed a 15-year lease with an option to renew for up to another 35 years. But the company began moving a lot of its personnel to Manhattan and other locations and retained some back-office staff at the Islandia site. In 2018, Broadcom acquired CA for $18.9 billion, which created some workforce redundancy and further reduced CA’s presence in Islandia. After CA left, it subleased some of the Islandia office space to other tenants to offset some of its $1.26 million monthly rent on the property, but the once bustling became completely vacant by the summer of 2021.
One of the principals in the new ownership group has a history with the former corporate office campus. As a young real estate broker in 1989, Amoruso sold the original Islandia site for $34.65 million to a joint venture between Computer Associates and Manhattan-based Related Companies, which developed CA’s headquarters in 1991.
The Islandia project is the most recent example of Long Island office properties being redeveloped for other uses, especially industrial. The office market has struggled since the pandemic, as many companies have been reconsidering the size of their office footprints in light of the continuing hybrid work environment. The overall Long Island office vacancy rate climbed to 14.4 percent in Q4 2023, up 60 basis points from the previous quarter, while last quarter’s overall vacancy rate for industrial properties was 4.3 percent, according to a report from Cushman & Wakefield.
The Islandia project will be built in phases with the first two buildings expected to take around 12 months to complete once construction begins.
However, given the difficult financing and construction cost environment, the envisioned redevelopment of the site will be dependent upon IDA assistance, including a beneficial payment-in-lieu-of-taxes agreement. Besides the site and construction challenges, developers say IDA assistance will be necessary to attract high-quality end users who will require a competitive cost structure and financial stability in order to make a long-term commitment to the facility.
In a strange flashback to the demise of Bed Bath & Beyond Inc., WeWork Inc.’s stock soared on its over-the-counter debut this week, just days after the office sharing company filed for chapter 11 bankruptcy protection.
WeWork WEWKQ, +23.02%
filed for Chapter 11 in New Jersey on Monday and the beleaguered company’s stock was halted before the open that day. The New York Stock Exchange started the delisting process for WeWork that same day.
Trading resumed over the counter on Wednesday, with WeWork shares ending their first session as an OTC stock up 91.5%.
A similar scenario happened when shares of Bed Bath & Beyond began trading over the counter in May after the Nasdaq started the delisting process for the bankrupt home-goods retailer and sometime meme-stock darling. Despite Bed Bath & Beyond’s well-documented woes, the stock ended its first session as an OTC stock up 30.4%. Bed Bath & Beyond’s shares were canceled in September.
In June Overstock.com acquired Bed Bath & Beyond’s intellectual property, and began operating as Bed Bath & Beyond, before changing its corporate name to Beyond Inc. BYON, +2.06%.
Like Bed Bath & Beyond, WeWork has continued to attract investor attention even as the company’s problems mounted. In mid-September WeWork’s stock saw a record run-up amid meme stock chatter, just weeks after WeWork warned that it may not be able to stay in business.
Users on social media noted the activity in WeWork’s share price this week, with Twitter user @asunapg warning Thursday that the OTC markets are “much more volatile and often a death trap for a lot of companies.”
“Here we go again” tweeted @B2Investor Friday, with popcorn and clown emojis.
WeWork’s stock ended Thursday’s session down 21.3% and the stock is down 12.7% Friday, compared with the S&P 500 index’s SPX
gain of 1.3%.
Tom Bruni, head of content at StockTwits, a social platform for investors and traders, told MarketWatch that, from what he is seeing, there doesn’t seem to be broad interest in the stock.
“Unlike Bed Bath & Beyond and others where it seemed possible to restructure and continue operating, the current situation for WeWork is mainly a math equation,” he told MarketWatch. “It’s looking most likely that it’ll be bought out, the question is at what price and how much cash (if anything) does that leave for common shareholders to receive? The consensus right now is that all value from its 52 million shares of common stock will be wiped out.”
Set against this backdrop, short covering could be driving the stock price up in the short term, according to Bruni. “Many market participants don’t want to risk being squeezed by unexpected good news, so they’d rather take their gains than ride it all the way down to zero,” he said. “Should that high short interest start to create sustainable upside momentum (more than a few days), then we’d likely see other traders get involved on the long side.”
“But for now, with earnings season in full swing, there’s plenty of volatility and news elsewhere for investors/traders to focus on,” he added.
While many of Long Island’s new industrial developments have been the big “high cube” variety that attract major e-commerce businesses and logistics companies, one local developer is thinking small.
In fact, it’s newest project in Islandia is not much of a departure for Farmingdale-based Brent Mako Real Estate Group, which has traditionally focused on delivering light industrial and retail spaces that range in size from as little as 1,200 square feet to as much as 15,000 square feet.
The company’s Islandia project began earlier this year, with its $4.5 million purchase of 190 Blydenburgh Road, a 36,280-square-foot industrial/flex building on 1.4 acres. Built in 1981 as a headquarters for the laborers’ union, the building is adjacent to 200 Blydenburgh Road, a 48,100-square-foot building on 3.2 acres that Brent Mako principal Jim Kogel helped design for its original owners and was built by Mark Seiden of LMJ Management and Construction. Brent Mako later acquired it in 2007 and the current plan combines both 190 and 200 into a two-building light industrial complex.
Rendering of 190 Blydenburgh Road in Islandia. / Courtesy of Brent Mako
According to Brent Mako principal Will Kogel, 190 Blydenburgh was plagued by insufficient parking, bad vehicle circulation and underwhelming landscaping. In addition, the building had been carved into large, irregularly configured units with common utilities and insufficient truck loading. Although it worked well for its initial use, Kogel said redeveloping the property into a viable multi-tenant use would require creativity.
So far, the developer has invested $1.7 million in the project to transform the property, partnering with LMJ’s Josh Seiden and engaging Islandia-based Thomas P. Walsh Architect to carry out its vision.
“We knew the quirks of 190 but when coupled with 200, we felt we could unlock its potential, create value, and bring to market a truly differentiated product,” Will Kogel told LIBN.
Brent Mako originally tried to acquire 190 Blydenburgh in 2014, but the deal fell through. Nine years later, the company was able to make the purchase when the property came back on the market.
“The acquisition of 190 Blydenburgh was all about timing,” said broker Dan Abbondandolo of Cushman & Wakefield, who brokered the sale along with his Capital Markets/Investment Sales team. “We launched the marketing of the property at the tail end of the pandemic. We knew that Brent Mako was a perfect fit, as they owned the adjacent property. We’re excited that a multi-generational family is continuing to grow its portfolio throughout the Island.”
The redeveloped building will be able to provide light industrial units ranging in size from 1,400 square feet to 5,500 square feet and flex/R&D/office units from 1,300 square feet to 5,600 square feet, all with individually metered utilities.
Through merging the two properties, with repaving and improved site drainage, the company created the necessary parking to support the flex-office uses and also allowed for truck egress required by modern industrial users. The project also included new windows and storefront entrances, awnings, site lighting, landscaping improvements and a landscaped courtyard with benches.
“The two properties are now a cohesive 4.6-acre, 84,380-square-foot light industrial flex campus that could help satisfy our portfolio’s internal pipeline of demand from existing tenants and improve our coverage of the Vets Highway/LIE corridor by offering a combination of office, flex and R&D space coupled with overflow storage and traditional small-bay light industrial units with the potential for industrial outdoor storage,” Kogel said.
