Multi-tenant industrial facility in Rockland County sells

MORRISTOWN, N.J., Jan. 19, 2022 - JLL Capital Markets announced today that it has closed the sale of a 241,171-square-foot, multi-tenant industrial facility at 250 West Nyack Rd. in the suburban New York City community of West Nyack, New York.

JLL marketed the property on behalf of the seller, Turnbridge Equities.

Situated on 14.9 acres, 250 West Nyack Rd. is in a last-mile Rockland County location approximately 22 miles north of Manhattan, providing the tenants the ability to reach a dense population of about 15 million within a 60-minute drive. The property is positioned at the interchange of the Palisades Parkway and Interstate 287 just five miles from the Governor Mario Cuomo Bridge and six miles from Interstate 287, which allows for easy access to and from New York City, Westchester and Fairfield Counties and Northern New Jersey.

250 West Nyack Road was constructed in 1972 and features a clear height ranging from 20 to 22 feet in the warehouse space, 19 dock-high doors, five drive-in doors, 12 percent office finish and ample parking and outdoor storage.

The JLL Capital Markets team representing the seller was led by Senior Managing Directors Jose Cruz and Andrew Scandalios, Managing Director Marc Duval, Senior Director Tyler Peck, Directors Jordan Avanzato and Nicholas Stefans and Analyst Austin Pierce.

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.

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