PrimeSource Signs Last-Mile Logistics Lease in Hudson Valley, NY

[ad_1] Actual property company Useful resource Realty not too long ago introduced that it had organized a brand new lease at Brookfield Properties’ Maybrook Logistics Heart — a newly developed, Class A industrial property within the Hudson Valley, N.Y., market.

Useful resource Realty principals Tom Consiglio and Scott Peck represented the property proprietor, whereas Frank Puskarich and Artwork Ross of Newmark labored on behalf of the tenants within the long-term lease settlement. The Useful resource Realty workforce had reportedly additionally brokered the land acquisition to develop the warehouse on a speculative foundation.

The tenant — specialty branded constructing merchandise firm PrimeSource Constructing Merchandise — has leased the almost 312,600-square-foot property as the one occupying tenant.

Constructed on a 40-acre lot at 134 Neelytown Rd., in Montgomery, N.Y., the Maybrook Logistics Heart was designed to satisfy LEED certification necessities. It additionally options fashionable, industry-standard facilities, together with 36’ ceiling heights, 74 loading doorways, two drive-in doorways, parking for 98 vehicles and 129 trailer areas.

The tenant firm provides residential and industrial development retailers with numerous merchandise for almost each part of development and might be well-served by this location to succeed in its New York, New Jersey, Connecticut, and Pennsylvania shoppers.

“Due to fast interstate entry and institutional possession, this new-construction, industrial property introduced a national-footprint tenant like PrimeSource with important occupancy value financial savings in comparison with comparable Class A properties in close by submarkets,” Consiglio stated. “Orange County, N.Y, is a well-liked suburban enclave with an intensive transit community and a powerful, educated workforce that may maintain PrimeSource’s development and expertise pipeline effectively into the longer term.”

Situated lower than one mile from Interstate 84 and roughly 10 minutes from the place the freeway converges with Interstate 87, the property gives seamless reference to the metropolitan New York Metropolis and northern New Jersey markets.

Notably, extra infrastructure benefits within the neighborhood embrace Stewart Worldwide Airport, Interstate 287, the New Jersey Turnpike, Port Newark, and the LaGuardia and JFK airports.

PrimeSource may also be positioned inside shut proximity of main names in numerous industries as neighbors embrace Medline, Staples, Mondelez Worldwide, Amazon, Amerisource Bergen, FedEx, Cardinal Well being, McKesson, UNFI, and XPO Logistics.

Trying to hire industrial or warehouse area within the Hudson Valley, N.Y. market or different well-connected places? Begin your search on the CommercialCafe.com homepage and simply discover your subsequent actual property alternative!

Final modified: December 27, 2024

Earlier Story:Development Full on Workplace-to-Residential Conversion in Downtown Dallas Concerning the Creator / Ioana Ginsac Ioana Gînsac is a artistic author masking all-things-CRE for a number of Yardi community publications. Matters embrace {industry} information and market studies, in addition to sustainable improvement, structure, urbanism, and extra. Her work has been referenced by publications together with AmericanInno, Bisnow, BusinessInsider, Business Property Government, Curbed, Quick Firm, Forbes, GlobeSt.