Investcorp has acquired a portfolio of five industrial buildings situated at 5 Inez Drive & 81 Spence Street, 2175 5th Avenue & 195 13th Avenue, and 33 Rajon Road, located in the Bay Shore, Ronkonkoma & Bayport market. The total sale price for this portfolio amounted to $95,800,000, which translates to approximately $220.33 per square foot, encompassing a total of 434,796 square feet.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $95,800,000
• Sale Price per Square Foot: $220.33
• Total Square Footage: 434,796
• Buyer: Rishi Kapoor - Investcorp
• Seller: Metropolitan Realty Associates & TPG Angelo Gordon
• Broker: Cushman & Wakefield

This transaction involved key players such as Rishi Kapoor representing Investcorp, alongside Metropolitan Realty Associates and TPG Angelo Gordon as sellers. The brokerage firm facilitating this transaction was Cushman & Wakefield, ensuring effective negotiation and representation in the deal.