JLL sells Baylis 495 Business Park

Melville, NY JLL Capital Markets arranged the sale of Baylis 495 Business Park totaling 103,500 s/f.

JLL represented the seller, Creation Equity.

Baylis 495 Business Park is situated on 8.18 acres one mile south of the Long Island Expwy. Key building features include 32-ft. clear heights, 20 dock doors, two drive-in doors and excess parking.

The property is fully leased to the beverage company Keurig Dr. Pepper, who will utilize the site as its long-term, location on Long Island.

The JLL Capital Markets team was led by managing directors Marc Duval and Jordan Avanzato, directors Jason Lundy and Nicholas Stefans, and senior managing directors Jose Cruz and Steve Simonelli.

“Core capital has come back fast as the New York Metro has seen a deep source of unlevered buyers targeting newer vintage industrial assets,” Duval said.

“In this specific transaction, the credit, quality and location checked all the boxes,” said Avanzato.