CBRE is pleased to announce the sale of 235 Pinelawn Road in Melville, NY. The property is a 48.3-acre site that is occupied by Newsday as its headquarters and also served as its newspaper production and distribution center (413,556 SF in total). The teams of Jeffrey Dunne, Steven Bardsley and Travis Langer of CBRE’s Institutional Properties Group, Philip Heilpern, Martin Lomazow and Matt Manoogian of CBRE’s Long Island office and Adam Seltzer of CBRE’s Los Angeles office represented Tribune Real Estate Holdings in the sale. The joint team also procured the buyer, Hartz Mountain, a major real estate owner/developer based in New Jersey. This is Hartz Mountain’s first acquisition on Long Island.
With superb visibility and highway access from Pinelawn Road, the site is one of the largest redevelopment parcels on Long Island and offers the potential for 800,000+ square feet of new, high-bay logistics space. Situated only one mile from Exit 49 of the Long Island Expressway, 235 Pinelawn offers convenient access to Long Island’s major thoroughfare and truck route.
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