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A three-building industrial development in Quogue has landed a $47.8 million construction loan.
The financing was arranged by a JLL Capital Markets that included Scott Aiese and Alex Staikos, according to a company statement. The loan was secured through Affinius Capital and Axonic Capital.
Called Quogue Business Park, the $60 million project will bring two industrial buildings and a self-storage facility to a 19-acre site at 8 Midhampton Ave.
The development, a partnership of The Renatus Group from Port Chester, N.Y. and Manhattan-based Declaration Partners, consists of a 65,500-square-foot multi-tenant industrial building, a 60,000-square-foot multi-tenant industrial building, and a two-story, 82,200-square-foot self-storage facility.
The shallow bay industrial buildings are designed to accommodate users as small as 5,000 square feet and the ability to provide each tenant with an individual loading dock and drive-in door.
The buildings will occupy the western portion of the property, while 7.6 acres on the eastern portion of the site will be landscaped with native plantings to comply with Village of Quogue and Pine Barrens Commission standards.
Construction on the project began a few months ago and is expected to be completed Q3 2026. The project team includes Huntington-based R&M Engineering, Patchogue-based bld Architecture and Melville-based Frank G. Relf Architect.
“This development will provide a modern, differentiated offering in the Hamptons that meets the needs of local businesses and residents,” Aiese said in the statement. “The shallow bay industrial buildings will provide the access, parking and flexibility that increase efficiency and benefit small business operations. For residents and small businesses, the self-storage component will provide flexible storage solutions.”
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David Winzelberg
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