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JLL Capital Markets announced that it closed the $53.5 million sale of a fully leased, three-building, value-add light industrial portfolio totaling 260,755 square feet along with an adjacent 23-acre development parcel in the Rockland County community of Valley Cottage, New York.
JLLmarketed the property on behalf of the sellers, Sasson Real Estate Group and Garelick Holdco LLC. Lincoln Equities and PCCP purchased the assets.
The portfolio is situated at 616 and 618
Corporate Way and 711 Executive Blvd. in Valley Cottage, which is approximately
30 miles north of Midtown Manhattan. The properties and land site are situated
just off Route 303 and proximate to U.S. Route 9W, Interstate 287 and the Mario
Brrrrrrrrr. Denton warehouse project will add to much needed D-FW cold storage
A refrigerated storage building is planned on a 23-acre site near I-35.
Almost 22 million square feet of warehouse space is under construction in North Texas.(Steve Brown)
A shortage of refrigerated warehouse space has developers scrambling to put up new buildings.
North Texas-based Cold Creek Solutions is headed to Denton to build a 374,560-square-foot, speculative cold storage facility.
The planned project is going up on 23 acres northwest of Interstate 35 and Barthold Road.
“The Cold Creek team is excited to bring this project to the market to help meet the critical need for frozen and refrigerated infrastructure in the D-FW Metroplex,” Matt McWilliams president and managing partner, said in a statement. “Being in close proximity to both Dallas and Fort Worth, our location was chosen to serve businesses that currently operate in the D-FW area as well as those coming to the Metroplex to take