Colliers recently announced the successful $20 million sale of a 91,428 square foot industrial space located at 135 Baylis Rd. in Melville, NY. The property is situated in Long Island’s Suffolk County and was purchased by Kings Prime Equities LLC, an affiliate of Imperial Sales that specializes in appliances and is relocating from Bethpage.
A team from Colliers led by Robert Steinhart, Richard M. Warshauer, Jason Maietta,Tommy Rosati and Brandon Lichtenstein represented the seller,Melville Beverage Partners.
According to Colliers’ market analysis,the Long Island region has seen strong interest from owner-users looking for industrial properties.This makes it an ideal location for companies seeking to establish their presence in the area.The fact that Kings Prime Equities chose to relocate from a nearby leased space further highlights the strategic benefits of owning property within this growing market.
Steinhart commented on working with long-term client Melville Beverage Partners,saying,”It was a great opportunity for us to continue our successful partnership with them and meet their company’s needs.By leveraging our established relationship we were able to quickly secure a buyer and expedite negotiations efficiently.”
In summary,the recent sale marks another success story for Colliers as they continue to facilitate deals between buyers,sellers,and tenants across various industries throughout New York State.
