88 Parkway Drive South and 90 Davids Drive in Hauppauge, New York — Courtesy: JLL
By Joshua Burd
A developer has purchased a two-building, 10-acre property on Long Island, where plans allow for up to roughly 184,000 square feet of new industrial space near two major highways.
According to JLL’s Morristown-based capital markets team, which brokered the sale, Link Logistics Real Estate paid an undisclosed sum for the sites at 88 Parkway Drive South and 90 Davids Drive in Hauppauge, New York. The property, located within a zoned industrial park in Suffolk County, is less than a mile from the Long Island Expressway junction and just off the Northern State Parkway, providing access to Manhattan and to 9.1 million people within a one-hour drive.
JLL’s Marc Duval, Jordan Avanzato, Jose Cruz, Andrew Scandalios, Tyler Peck and Michael Kavanagh, along with Doug Omstrom and Ray Ruiz, represented Dunkirk Realty in the sale.
“Suffolk County offers tenants lower operating costs than in Nassau County, while providing similar access to Long Island’s affluent and dense population,” Avanzato said. “We continue to see these factors driving historic industrial pricing and market activity for accessible industrial sites throughout Suffolk County.”
In a news release, JLL said the zoning allows an investor to build up to 184,107 square feet with a 35-foot maximum building height and attractive setback requirements. The property is currently improved with two buildings containing both office and light industrial space.
