JLL Capital Markets facilitated the sale of 901-931 Burman Boulevard, a mission-critical industrial asset in Suffolk County, Long Island
MORRISTOWN, N.J., Jan. 15, 2025 – JLL Capital Markets announced today the $15.25 million sale of 901-931 Burman Boulevard, a 189,631-square-foot industrial facility in Calverton, New York.
The JLL Suburban Tri-State Capital Markets team worked on behalf of the seller, KABR Group, in the sale, with Corniche Capital acquiring the asset.
Situated in Suffolk County on Long Island, the two-tenant property boasts features such as 48-foot clear heights, oversized drive-in doors and ample outdoor storage space. The 20-acre site provided additional land for development, ideal for future last-mile distribution to the North Fork and Hamptons.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
Read the full article here: https://www.jll.com/en-us/newsroom/kabr-group-sells-189k-sf-industrial-property-in-new-york