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Tag: Last-Mile Logistics

  • Faropoint buys Deer Park industrial property for $7.55M | Long Island Business News

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    An industrial property in Deer Park has a new owner. 

    Hoboken, N.J.-based  purchased the fully occupied 40,000-square-foot building on 2.22 acres at 593 Acorn St. in Deer Park for $7.55 million. 

    The sale price equates to a 5.5 percent .  

    The Acorn Street property is occupied by , a lighting systems manufacturer, which will remain operating there. Apogee, which uses recycled materials in its manufacturing, specializes in for commercial and public applications.  

    Apogee created the interior lighting structure above the main escalators at 7th Avenue at 32nd Street at Penn Station’s redesigned entrance, constructing the triangular array hanging from the ceiling. Other Apogee flagship jobs include lighting systems for the World Trade Center, Citigroup, One Vanderbilt, LIRR Third Track, many boardrooms around the country and several transit systems. 

    Founded in 2012, Faropoint is a investment firm that focuses on last-mile warehousing and distribution facilities. The company’s portfolio has more than 500 properties totaling over 26 million square feet throughout the U.S.  

    The Acorn Street property is Faropoint’s seventh acquisition on Long Island and second in Deer Park. The company purchased a 40,000-square-foot building at 105 E. Jefryn Blvd. for $8 million last year. Its other Long Island assets are in Bohemia, Farmingdale, Hauppauge and Bohemia. 

    “We’re thrilled to have completed this transaction at 593 Acorn Street in Deer Park,” Matthew Bernstein, Faropoint’s senior associate for acquisitions, told LIBN. “This property offers the ideal combination of location and functionality that aligns perfectly with the current demands of the Long Island industrial market. Apogee Lighting’s long-term commitment demonstrates the strength of this submarket and the quality of the asset.” 

    Faropoint was self-represented, while Bob Desmond of Industry One Realty represented the seller, Richard Nicolai, in the Deer Park sales transaction. 


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    David Winzelberg

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  • The Urban Robotics Foundation Helps Municipalities Prepare for the Arrival of Sidewalk Robots

    The Urban Robotics Foundation Helps Municipalities Prepare for the Arrival of Sidewalk Robots

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    Foundation is developing an ISO standard that aims to address growing concerns among local governments and advocacy groups.

    Press Release
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    Dec 9, 2021


    TORONTO, December 9, 2021 (Newswire.com)
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    There are 89,000 local governments in the United States, 88,000 in the EU, and another 3,600 in Canada. Over the next two or three years, many hundreds of these cities, towns, boroughs, and villages will be faced with the question of regulating sidewalk robots that deliver, sweep, pick litter, plow snow, provide surveillance, and dozens of other low-speed mobile tasks. 

    The core purpose of the Urban Robotics Foundation is to help local governments work through their sidewalk robot regulations.

    Since 2019, these small boxes-on-wheels have shown up to deliver food on many college and university campuses. They are now appearing in mid-density areas of cities around the world for last-mile retail deliveries, their single largest application. This includes places like Pittsburgh, Detroit, San Jose, and Miami-Dade County, far larger cities like Toronto, Canada, and many others in Europe and Asia.

    Most local governments are unprepared to regulate and manage this new kind of traffic. Sidewalks, crosswalks, and bike lanes are complex traffic environments intended for pedestrians and cyclists. Some of these places are perfectly suited for robots. Others are not. A number of cities have experienced them with considerable success. A few have banned them.  

    Local governments that ignore them will experience complaints about accessibility and perceived risks from cycling or pedestrian advocacies. The local governments that ban them will deny a critical opportunity for their retail communities to compete with e-commerce and big-box stores. And they will continue to have large delivery vans encroach their local streets. 

    But local governments that prepare for them can find many advantages. Besides cleaner and quieter e-commerce and express package delivery, these small robots can:

    • Bring meals and groceries for disabled and senior residents;
    • Lower delivery costs for local retailers as they recover from the pandemic;
    • Reduce the use of idling cars and trucks to make small local deliveries.

    Ali Kashani, the CEO of Serve Robotics (an Uber spinoff), likes to point out “moving two-pound burritos in two-ton cars is incredibly inefficient.”

    Nearly 100 robotics companies worldwide are innovating these devices. The variety is astonishing. Logistics companies such as Amazon, DHL, FedEx, Uber, and UPS are preparing to deploy them at scale. It is hard to see that small robotic delivery will not become a valuable element of last-mile logistics in any city that regulates this. 

    The Urban Robotics Foundation offers two critical services to its municipal members: drafting an international standard on members’ behalf for the operation and governance of these devices, as well as related education, research regarding management and certification.

    Contact Lee Haber, Program Director lee@urbanroboticsfoundation.org or visit us www.urbanroboticsfoundation.org

    Source: Urban Robotics Foundation

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