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Deals & Dealmakers

Lincoln Equities Group taps JLL for Long Island industrial leasing assignment

JLL was selected by Lincoln Equities Group LLC as the exclusive leasing agent for a new industrial building expected to break ground on Long Island in 2018.

The developer will construct a 195,000 s/f warehouse and distribution facility at 344 Duffy Avenue in Hicksville, N.Y.

It is expected to be completed in the second quarter of 2019.

The high-end facility will feature 32- to 50 ft. ceiling heights, wide column spacing, 20 to 30 loading docks, early suppression fast response (ESFR) sprinklers and energy-efficient LED lighting.

The new leasing assignment will be overseen by Thomas DiMicelli, executive vice president, with JLL. He will work closely with Joel Bergstein, president, of Lincoln Equities.

“Lincoln Equities plans to build a state-of-the art facility that will be in a class of its own,” said DiMicelli.
“Aside from one industrial building in Port Washington, N.Y. that was built for the user, there has been no new construction of industrial product on Long Island in at least five years.

“Industrial rents and demand in this region have exploded due to the increased need for high-quality distribution space, the expanding e-commerce market, as well as the demolition of obsolete industrial space during the past few years to make way for residential development.”

“We are developing a facility designed to attract regional and national tenants that want a foothold in the Long Island market,” said Bergstein.

“There is no other modern warehouse space of this quality and size available in Nassau County. Our new facility will be optimal space for warehouse and distribution users, including logistics companies and e-commerce based “last-mile” delivery companies that require superior loading. We will be reaching out to tenants located throughout Long Island, New York, the tri-state area and nationally.”

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