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.
