Cushman & Wakefield Secures $28M Construction Loan For Distribution Facility In Hicksville

The property asset is a 195,610-square-foot distribution facility located at 344 Duffy Ave, Hicksville, NY, 11801. This industrial asset is situated on an approximately nine-acre lot. The construction financing arranged for this project totaled $28,000,000.00 and indicates significant investment in the Hicksville market.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $28,000,000.00
• Borrower: Lincoln Equities Group
• Lender: Heitman Capital Management
• Borrower's Representatives: Noble Carpenter III, Sridhar Vankayala from Cushman & Wakefield

This transaction was facilitated by the brokerage firm Cushman & Wakefield, with key individuals including John Alascio, Sridhar Vankayala, and Noble Carpenter III. They played a crucial role in securing the construction financing from Heitman Capital Management for the borrower, Lincoln Equities Group.