JLL arranges $47.8m construction loan for The Renatus Group and Declaration Partners - 218,000 s/f project at Quogue Business Park

Quogue, NY JLL capital markets has arranged a $47.8 million construction loan for Quogue Business Park, located at 8 Midhampton Ave. Quogue Business Park is a mixed-use project comprised of two shallow bay industrial buildings and a self-storage facility located and designed to serve businesses and individuals throughout the Hamptons.

JLL arranged the loan on behalf of The Renatus Group, a private real estate investment and development firm headquartered in Port Chester, and their partner, Declaration Partners, a private investment firm based in New York and Washington, D.C.

The Renatus Group plans to build a 218,000 s/f facility at 8 Midhampton Ave.

Construction on the project began in Q2 2025 with expected completion in Q3 2026.

The industrial buildings have been designed to provide maximum flexibility for tenants, with each able to accommodate users as small as 5,000 s/f and the ability to provide each tenant with an individual loading dock and drive-in door. The self-storage facility will offer versatile storage solutions for both permanent and seasonal residents as well as small businesses. 

Quogue Business Park will benefit from its location, providing tenants access to both the North and South Forks of Long Island. The property is also near the Sunrise and Montauk Hwys., providing access to the wider Long Island area and New York City.

A JLL capital markets team including senior managing director Scott Aiese and director Alex Staikos, arranged the financing.

Aiese said, “This development will provide a modern, differentiated offering in The Hamptons that meets the needs of local businesses and residents. The shallow bay industrial buildings will provide the access, parking and flexibility that increase efficiency and benefit small business operations. For residents and small businesses, the self-storage component will provide flexible storage solutions.”