NEW YORK CITY—Lincoln Equities Group, a New Jersey-based real estate company focused on the Northeast, has obtained $28 million in financing to develop and construct a 195,610 square-foot industrial facility. The approximately nine-acre property is located at 344 Duffy Ave. in Hicksville, NY. A Cushman & Wakefield equity, debt and structured finance team with John Alascio, Sridhar Vankayala and Noble Carpenter III represented the borrower in procuring the loan from Heitman Capital Group. "The Class A Long Island industrial market continues to remain undersupplied as rental prices and demand for industrial real estate are the highest they have ever been," says Alascio. "Ideally located for last mile and e-commerce distribution capabilities throughout Long Island and New York City, 344 Duffy Ave. will provide a state-of-the-art industrial distribution facility to support businesses, consumers and suppliers across the region upon completion." The project will be ground-up construction of infill industrial space. Originally, the site was marketed as a multifamily redevelopment site. But with today's robust and growing demand for industrial warehouses, Lincoln Equities saw the property's value in remaining an industrial asset as the highest and best use in an inventory constrained market. 344 Duffy Ave. and its surrounding area are zoned industrial, with commercial and industrial properties immediately around the site. Nearby properties include Chesapeake Pharmaceutical, a packaging company and Godsell Construction Company. The site is bordered by the Long Island Rail Road and is located off the Northern State Parkway and Interstate 495. Additionally, it has easy access to JFK International Airport and LaGuardia Airport. The image gallery illustrates an industrial warehouse setup, with architectural renderings of the 344 Duffy Ave. development provided by Lincoln Equities Group.