September 5, 2018
BEB Capital has acquired 55 Harbor Park Dr., a 56,745-square-foot industrial building on a three-acre site in Port Washington, NY, on Long Island’s North Shore. The property was purchased for $9.35 million from Harpark Associates, a local investment group, and BEB plans a significant upgrade.
“Demand for industrial space on Long Island is at an all-time high, making this asset class more valuable than ever,” said Lee Brodsky, BEB Capital’s CEO. “In this tight market, Long Island is quickly becoming a preferred location for businesses seeking to serve New York City’s vast market, as well as national and international markets.”
Built in 1984, 55 Harbor Park features 26-foot-high ceilings and five loading docks. Among the upgrades BEB plans are raised ceiling heights and increased storage capacity. NKF’s Dan Oliver will handle leasing efforts.
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