The industrial property located at 616 & 618 Corporate Way, Valley Cottage was recently sold in a transaction facilitated by JLL brokers Marc Duval and Jordan Avanzato. The property, encompassing a total area of approximately 259,700 square feet, consists of two separate addresses, including 711 Executive Blvd. The sale price for this transaction was $48,500,000, resulting in a price per square foot of $186. The buyer in this transaction was Joel Bergstein, representing Lincoln Equities Group, while the seller was Uri Sasson, representing USA Construction Group.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $48,500,000
• Square Footage: 259,700
• Address: 616 & 618 Corporate Way, 711 Executive Blvd, Valley Cottage
• Market: Valley Cottage
• Buyer: Joel Bergstein - Lincoln Equities Group
• Seller: Uri Sasson - USA Construction Group
• Brokers: Marc Duval & Jordan Avanzato - JLL

This transaction highlights the active participation of key individuals and companies in the real estate market. Joel Bergstein, representing Lincoln Equities Group, displayed interest in acquiring the industrial property in Valley Cottage. On the other hand, Uri Sasson, representing USA Construction Group, acted as the seller for this transaction. The involvement of Marc Duval and Jordan Avanzato from JLL as brokers showcases their role in facilitating the deal between the buyer and seller.