Brookfield Asset Management Acquires Development Site In Hicksville For $45M

125 New South Road, Hicksville, NY 11801, USA

$45,000,000

$14,062/SF

Building Size

3,200 SF

Asset Type

Development Site

Closing

Aug 16, 2020

AI

Brookfield Asset Management has acquired a development site located at 125 New South Road in Hicksville. The property spans approximately 15 acres and was sold for a price of $45,000,000. The seller, Simone Development Companies, was represented by Jim MacDonald, while the buyer was represented by Paul Leone of CBRE.

Summary of transaction details

Property Type: Development Site
Transaction Amount: $45,000,000
Address: 125 New South Road, Hicksville
Market: Hicksville
ACRES: 15

The buyer, Brookfield Asset Management, was represented by Bruce Flatt and Brian Kingston. The seller, Simone Development Companies, was led by Joseph Simone. The transaction took place on August 16, 2021.

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