KABR sells 190,000 sq. ft. Long Island industrial building for $15.3 million, JLL says

Jan 16, 2025 | Deals, Industrial

901-931 Burman Blvd. in Calverton, New York — Courtesy: JLL

By Joshua Burd

KABR Group has sold a nearly 190,000-square-foot industrial property on Long Island for $15.25 million, in a deal arranged by JLL’s Morristown-based capital markets team.

According to a news release, Corniche Capital acquired the facility at 901-931 Burman Blvd. in the Suffolk County hamlet of Calverton. Brokers noted that the 189,631-square-foot property is home to two tenants, with features such as 48-foot clear ceiling heights, oversized drive-in doors and ample outdoor storage space.

JLL added that the 20-acre site has additional land for development, which it said would meet the need for last-mile distribution to the North Fork and Hamptons.

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Joshua Burd

Joshua Burd, an award-winning reporter and editor, has been covering New Jersey commercial real estate for 13 years. Many industry leaders view him as the go-to real estate reporter in the state, a role he is eager to continue as the editor of Real Estate NJ. He is a lifelong New Jersey resident who has spent a decade covering the great Garden State.