Investcorp has acquired five industrial buildings in Long Island, New York for $95.5 million, as redevelopment for one of them is in the plans.
Metropolitan Realty Associates LLC (MRA), along with its partner TPG Angelo Gordon, sold the properties to Investcorp.
The properties in Suffolk County take up a total of 435,000 square feet. Each one ranges from as low as 33,000 to as high as 128,600 square feet. The buildings are located at the following five addresses:
- 5 Inez Drive, Bayshore, NY
- 81 Spence Street, Bayshore, NY;
- 2175 5th Avenue Ronkonkoma, NY
- 195 13th Avenue, Ronkonkoma, NY
- 33 Rajon Road, Bayport, NY
The portfolio buildings feature cold storage, manufacturing, and a one-story warehouse. Ceiling heights range from 18 to 40 feet clear.
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