LONG ISLAND, NY – BlackRock Real Assets has purchased a 130,565-square-foot, class A industrial facility in Long Island, NY, on behalf of one of its institutional clients. The firm acquired the property for $30.7 million from developer and owner, Woodmont Industrial Partners.
Located at 100 Precision Dr. in the town of Brookhaven, the logistics facility is situated on a 12.65-acre site and is leased on a long-term basis to a national logistics tenant.
Woodmont Industrial Partners originally acquired the site in August 2019, and executed an extensive capital improvements program, which encompassed key infrastructure and building upgrades.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
