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Deals & Dealmakers

JLL inks 100,000 s/f Long Island warehouse deal

JLL has completed a new transaction for One Stop Properties, a Long Island City-based real estate development company, at 225 Underhill Boulevard in Syosset, N.Y.

The company, which specializes in flexible warehouse, office and land rentals throughout the Tri-State area, committed to a long-term lease for the entire 103,000 s/f warehouse.

The tenant was represented by Max Omstrom, Associate, Doug Omstrom, Senior Vice President, and Kyle Crennan, Senior Vice President, all with JLL. The landlord, Balrich Realty Corp., was represented in-house.

The property, which features 19-foot ceiling heights, is located on 6.3 acres in Syosset N.Y., about 32 miles east of Midtown Manhattan, offering easy access to Long Island, New York City and the metropolitan area.

The facility includes over 3,000 square feet of office space, in addition to 12 docks and three drive-ins.

“This is an ideal opportunity for One Stop Properties to expand its footprint into Nassau County, with easy access to Long Island and the greater New York area,” said Max Omstrom.

“This transaction demonstrates that optimal space use solutions can be achieved in this rapidly evolving sector.”

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