Prologis Acquires 17-Acre Development Site In Bethpage From Northrop Grumman For $51.2M

600 Grumman Road West

$51,200,000

Building Size

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Asset Type

Development Site

Closing

Apr 28, 2022

AI

Prologis, a global industrial real estate company, has acquired a development site in Bethpage, New York. The property, located at 600 Grumman Road West, spans 17 acres and was sold by Northrop Grumman.

Summary of transaction details

Property Type: Development Site
Transaction Amount: $51,200,000
Date: April 28, 2022
Market: Bethpage
Address: 600 Grumman Road West

The buyer of the property is Prologis, represented by Hamid Moghadam. Prologis is known for its expertise in industrial real estate and specializes in the development, leasing, and management of logistics facilities worldwide. On the other hand, Northrop Grumman, a leading global aerospace and defense technology company, acted as the seller in this transaction.

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