News:
Brokerage
Posted: February 22, 2022
JLL Capital Markets completes the sale of a 241,171 s/f multi-tenant industrial property
West Nyack, NY JLL Capital Markets announced it has closed the sale of a 241,171 s/f, multi-tenant industrial facility at 250 West Nyack Rd.
JLL marketed the property on behalf of the seller, Turnbridge Equities.
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 Rd. 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.
Tags:
Brokerage
MORE FROM Brokerage
REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium
Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
Quick Hits
Columns and Thought Leadership
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman
July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
A fresh start - by Shallini Mehra and Amit Doshi
For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking