Prologis Acquires 17-Acre Development Site In Long Island From Northrop Grumman For $44M

A development site located at 600 Grumman Rd. W. in Long Island, spanning across approximately 17 acres, has been sold in a recent transaction. The sale was facilitated by JLL brokers Marc Duval, Jordan Avanzato, and Nick Stefans, who represented the buyer, Prologis. The seller of the property was Northrop Grumman. The sale price for the development site was $44,000,000.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $44,000,000
• Address: 600 Grumman Rd. W.
• Market: Long Island
• Acres: 17

Prologis, a prominent buyer in the real estate industry, acquired the development site at 600 Grumman Rd. W. in Long Island. The sale was facilitated by JLL brokers Marc Duval, Jordan Avanzato, and Nick Stefans. The seller, Northrop Grumman, agreed to the transaction, leading to the successful sale of the property.