Cushman & Wakefield and Paramount Properties arrange $13.455m sale of warehouse

Edgewood, NY Cushman & Wakefield and Paramount Properties Group arranged the sale of a 53,600 s/f industrial warehouse facility located at 77 Rodeo Dr. The property was acquired for $13.455 milliion by Uncle Giuseppe’s Marketplace, a specialty grocer with 11 locations in New York and New Jersey.

Cushman & Wakefield’s Frank Frizalone, Nick Gallipoli, Thomas DeLuca and John Giannuzzi represented the seller. Paramount Properties Group, owner, Gary Chimeri represented the buyer, Uncle Giuseppe’s Marketplace.

“The sale of 77 Rodeo Dr. underscores the growing demand for industrial spaces with cold storage capabilities in the Long Island market,” said Frizalone. “The property’s strategic location within the Heartland Business District and its proximity to major transportation routes make it an ideal choice for Uncle Giuseppe’s expansion plans, as they look to grow their operations throughout the Tri-State region.”

77 Rodeo Dr. is situated on a 3.3-acre parcel and includes 12,500 s/f of office space. The building offers 26-ft. ceiling heights, five loading docks, one drive-in door and 70 parking spaces. 

The property is equipped with a high-density wet sprinkler system and LED lighting with motion sensors, enhancing its operational efficiency.

Located within the planned industrial park at the Heartland Business District, 77 Rodeo Dr. offers access to the Long Island Expwy. and Southern State Pkwy., providing routes to Nassau County, the NYC boroughs, and Suffolk County. The Deer Park Long Island Rail Road Station is within walking distance, and the property is 27 miles from John F. Kennedy International Airport and 30 miles from LaGuardia Airport,.