Suffolk County has tapped Newmark to market 124 acres in the Town of Brookhaven. The parcel, which is zoned L-1 for light industrial, is accessible via Horseblock Road and is between the Long Island Expressway and the Sunrise Highway. Bids are due by October 14, 2011.
Leading the effort are Jack O’Connor, Brian Lee and Daniel Oliver of Newmark, which has served as consultant to the county for more than three years.
“This sale represents a unique opportunity for a user or developer to purchase an industrial zoned parcel of land in excess of 120 acres within terrific access to the Long Island Expressway and Sunrise Highway. We believe there will also be a great deal of interest from groups interested in a 1031 exchange or to land bank this property for future development,” said Oliver.
Possible uses include: warehouse; light manufacturing; banking; office; printing plant; and R&D laboratories.
About Newmark
Newmark is one of the largest independent real estate service firms in the world. Headquartered in New York, Newmark and London-based partner Knight Frank operate from more than 240 offices in established and emerging property markets on five continents. With a combined staff of more than 7,000 and revenues last year exceeding $993 million, this major force in real estate is meeting the local and global needs of tenants, owners, investors and developers worldwide. For further information, visit www.newmarkkf.com.