NorthBridge Partners Acquires Two Industrial Properties From Rockefeller Group In Bay Shore For $105.7M

The transaction involves the sale of two industrial properties located at 145 Candlewood Road and 158 Candlewood Road in Bay Shore, Long Island. The total sale price for these properties is $105.7 million, encompassing over 560,000 square feet of industrial space. The buyer, NorthBridge Partners, is planning capital improvements on the vacant building at 145 Candlewood Road, alongside ongoing leasing efforts for both properties.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $105,700,000
• Buyer: Greg Lauze - NorthBridge Partners
• Seller: Daniel J. Moore - Rockefeller Group
• Brokers: Gary Gabriel, Kyle Schmidt, Ryan Larkin & Seth Zuidema - Cushman & Wakefield

This deal involved key individuals from both sides, with Greg Lauze representing NorthBridge Partners in the acquisition, while Daniel J. Moore acted on behalf of the Rockefeller Group as the seller. The brokers facilitating the transaction were Gary Gabriel, Kyle Schmidt, Ryan Larkin, and Seth Zuidema, all from Cushman & Wakefield.