Brookfield Properties Acquires 119,000 SF Industrial Property In Long Island For $35.15M

Brookfield Properties has acquired a 119,000 square foot industrial property located at 135 Spagnoli Rd in Melville, NY. The transaction, facilitated by Paramount Properties Group representative Gary J. Chimeri, marked a record high sale leaseback deal in the area. The property sits on 8.26 acres of land and was sold by the Golia Family.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $35,150,000
• Address: 135 Spagnoli Rd
• Market: Long Island
• Asset Type: Industrial
• Acres: 8.26

Paramount Properties Group, led by Gary J. Chimeri, has been highly active in the industrial sales market, with over $300 million in transactions in the past 24 months. In addition, they are spearheading the development of industrial zoned land in Long Island, which is expected to yield approximately 2 million square feet of brand new Class "A" industrial space.

For more information and off-market opportunities, please contact Gary J. Chimeri at 631-414-7878 or [email protected]. You can also visit their website at www.paramountpg.com.