A new warehouse and distribution facility whose tenants include Walmart, has opened at 400 West John Street in Hicksville.
Jericho-based Sanders Equities built the 43,000 s/f industrial building on about three acres of mostly vacant land it acquired in 2015.
On Wednesday, Nassau County Executive Laura Curran and the Nassau County Industrial Development Agency (IDA) joined the principals of Sanders Equities or a ribbon-cutting ceremony at the newly completed facility.
The IDA backed the venture when it was in its infancy and had no signed tenants, allowing Sanders to invest $7 million to develop the property.
“Now more than ever we must work to entice new businesses and jobs to our County to help rebound from the economic impact of this pandemic. We need to ensure we have top-notch office properties and facilities to attract quality long-term tenants and this project is a prime example of how the IDA is helping to do just that,” said Curran.
Wal-Mart Stores East, LP will use its portion of the building to warehouse and sort seasonal and overflow merchandise for its stores throughout Long Island.
Tool-maker Weinstock Bros., originally located in Valley Stream and acquired by Würth Group Company in 2017, will move its operations to the property where it will produce high-quality structural bolts, tools, and equipment for some of the most innovative structural steel building and bridge construction projects.
“When the Nassau IDA initially approved the project several years ago, the applicant did not have any tenants lined up for the building. But the IDA saw the potential it held in attracting companies and opportunities for our residents to the region,” said Nassau County IDA Chairman, Richard Kessel. “We are thrilled that this investment has led to Wal-Mart Stores East LP and Weinstock Bros., A Würth Group Company using this space as a hub to support many of their operations on Long Island.”
The venture has already created more than 200 construction jobs and currently 32 people are employ at the facility full-time.
“Our company remains committed to providing the market with the highest quality and most flexible assets to accommodate the rapidly changing operating demands of today’s industrial tenants,” said Sanders Equities’ President Jordan Sanders.
“Working together with the IDA allowed us to bring two high-quality, international tenants to Nassau County.”
Pictured top (L-R) Nassau County Industrial Development Agency Chairman Richard Kessel, Nassau County Executive Laura Curran, Sanders Equities Principals, Arthur and Jordan Sanders.
