Newmark sells 143,493 s/f industrial asset - 31 Windsor Place

Central Islip, NY Newmark has arranged the sale of 31 Windsor Pl., a 143,493 s/f industrial asset. The property traded from Brookfield, a global real estate investor, to F.W. Webb Company, one of the largest wholesale distributors of plumbing, heating and HVAC products in the Northeast U.S. Newmark executive vice president and managing director Chuck Tabone, SIOR and managing director Daniel Gazzola arranged the sale.

“This transaction represents a complementary outcome, aligning an institutionally-owned asset with a best-in-class new ownership group poised to invest in the property, tailor it for specialized use and create long-term value,” said Tabone.

F.W. Webb Company, which will occupy the building, recently implemented a comprehensive capital improvement program. Upgrades included replacing overhead doors and mechanical equipment, updating warehouse and dock offices, IT and power infrastructure, conducting slab-on-grade repairs in the warehouse and servicing dock levelers. Ownership also added an ESFR sprinkler system, new dock levelers, a counter area with additional bathrooms and office space, enhanced warehouse lighting and dedicated fire pump and electric rooms.

Situated in the Long Island industrial submarket of Central Islip, 31 Windsor Place offers connectivity less than 2.5 miles from the Long Island Expwy. via Veterans Hwy. The single-story building features flexible column spacing, multiple exterior and interior loading positions, a protected interior loading area for overnight trailer storage and a truck court accommodating multiple 53-ft.trailers. The facility also benefits from 24-hour access and a recently installed TPO roof.