Silverman Group Acquires Long Island Industrial Portfolio From Sherwood Equities For $76M

The industrial property located at 95-99 Sherwood Ave., 1636-1640 New Highway, 1642-1646 New Highway, 216-218 Sherwood Ave., 25-33 Dubon Court, 42-46 Central Ave., 1219–1235 Walt Whitman Road, 226–232 Sherwood Ave., and 148–175 Milbar Blvd in Long Island has been sold.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $76,000,000
• Square Footage: 372,000 SF
• Price Per Square Foot: $204
• Market: Long Island

The buyer of the property was the Silverman Group, while the seller was Sherwood Equities. The sale was facilitated by the brokers Adam Spies, Gary Gabriel, Adam Doneger, Kyle Schmidt, and Rachel Humphrey from Cushman & Wakefield.

The industrial property was acquired for a total price of $76,000,000, with a square footage of 372,000. The transaction had a price per square foot of $204. The location of the property is in Long Island, a prominent market for industrial assets.