Multi-tenant industrial facility in Rockland County sells
JLL Capital Markets completed the sale of an industrial property in West Nyack, New York
MORRISTOWN, N.J., Jan. 19, 2022 – JLL Capital Markets announced today that it has closed the sale of a 241,171-square-foot, multi-tenant industrial facility at 250 West Nyack Rd. in the suburban New York City community of West Nyack, New York.
Situated on 14.9 acres, 250 West Nyack Rd. is in a last-mile Rockland County location approximately 22 miles north of Manhattan, providing the tenants the ability to reach a dense population of about 15 million within a 60-minute drive. The property is positioned at the interchange of the Palisades Parkway and Interstate 287 just five miles from the Governor Mario Cuomo Bridge and six miles from Interstate 287, which allows for easy access to and from New York City, Westchester and Fairfield Counties and Northern New Jersey.
250 West Nyack Road was constructed in 1972 and features a clear height ranging from 20 to 22 feet in the warehouse space, 19 dock-high doors, five drive-in doors, 12 percent office finish and ample parking and outdoor storage.
The JLL Capital Markets team representing the seller was led by Senior Managing Directors Jose Cruz and Andrew Scandalios, Managing Director Marc Duval, Senior Director Tyler Peck, Directors Jordan Avanzato and Nicholas Stefans and Analyst Austin Pierce.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion in 2020, operations in over 80 countries and a global workforce of more than 95,000 as of September 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
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Turnbridge Equities is a privately held, SEC-registered, vertically integrated real estate investment and development firm with a demonstrated track record of success across a wide range of asset classes and markets. Driven by resourcefulness, creativity, strategic vision, and deep relationships, Turnbridge has delivered strong performance for its investors and built a dynamic real estate portfolio since its inception.