Lincoln Equities & PCCP Purchase Valley Cottage Industrial Properties For $53.5 Million

Lincoln Equities and PCCP have acquired three industrial properties in Valley Cottage, New York. The properties, located at 616 Corporate Way, 618 Corporate Way, and 711 Executive Blvd., were sold by Sasson Real Estate Group and Garelick Holdco LLC. The sale was facilitated by JLL Capital Markets, with Jose Cruz, Marc Duval, Jordan Avanzato, Ryan Robertson, and Andrew Scandalios representing the sellers.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $53,500,000
• Square Footage: 260,755
• Price Per Square Foot: $205
• Market: Valley Cottage

The acquisition of these properties marks a significant investment in the Valley Cottage industrial market. Lincoln Equities and PCCP have strategically expanded their portfolio with these assets, which offer a total square footage of 260,755 at an average price of $205 per square foot. This transaction demonstrates the continued confidence in the industrial sector and highlights the potential for future growth in Valley Cottage.