Winstanley Enterprises has acquired a 333,386-square-foot Class A industrial property in West Coxsackie, N.Y. Save A Lot offered the asset, in line with CommercialEdge information. The commercial property modified palms for $20.5 million, as reported by the Albany Enterprise Assessment. CBRE represented the vendor.
Plans name for capital enhancements to the power’s inside and exterior, repositioning the property into a contemporary warehouse and distribution middle. To be rebranded as Mid-Hudson Logistics Middle, an extra 197,300 sq. ft could possibly be added to the property.
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The 2003-built facility encompasses 209,162 sq. ft of dry cupboard space, 63,572 sq. ft of refrigerated storage and 40,476 sq. ft of freezer house. Further options embrace 29-foot clear heights, 40- by 40-foot column spacing, 37 dry loading docks, 24 refrigerated loading docks and two drive-in docks, to call a couple of.
Situated on a 30.7-acre parcel at 1 Van Bergen Lane contained in the 100-acre Greene Enterprise & Expertise Park, the property is lower than 1 mile from U.S. Route 9W and roughly 3 miles from Interstate 87. Moreover, the port of Coeymans is a few 9 miles northeast, whereas the Port of Albany and the Albany Worldwide Airport function roughly 20 and 30 miles away, respectively.
CBRE Affiliate Dan Simpson represented Save A Lot within the transaction proceedings.
Winstanley’s deal with the Northeastern industrial market
Winstanley Enterprises owns and operates north of 12.5 million sq. ft of business actual property. The agency concentrates on warehouse, logistics and manufacturing investments.
Primarily targeted on the Northeast, the corporate expanded its footprint final 12 months with the acquisition of a success middle in Windsor, Conn. Deka Immobilien Funding GmbH offered 200 Previous Iron Ore Highway for $122.3 million. The 1 million-square-foot industrial asset is located on almost 90 acres, with Amazon being a long-term tenant on the time of the transaction.
