
Hauppauge, NY Racanelli Construction Company, Inc. served as the general contractor on a project awarded by Venture One in partnership with Affinius Capital. The project Venture Park Hauppauge, was awarded on April 2022, and completed on December 2023. It is located at 49 Wireless Blvd.
The project involved the construction of a 123,970 s/f single story, class A warehouse facility situated on 7.4 acres. It is less than one mile from the Long Island Expy. (I-495) and within the Hauppauge Innovation Park.
The building features 36’ clear height, 52’ x 50’ bays, 130 truck courts, 131 car parking stalls, and 40 dedicated trailer parking positions. It is comprised of an industrial pre-cast tilt-up panel system including 29 loading dock bays with dock levelers, and a TPO (Thermoplastic Polyolefin) membrane roofing system with double R-30 rigid insulation.
Other services provided by Racanelli Construction was full sitework inclusive of all new utilities, plumbing, sanitary and drainage systems, HVAC equipment and ductwork, and electrical switchgear and fire alarm system. Fire sprinklers, landscaping and parking lot were also components of the project.
Serving as brokers for Venture Park Hauppauge are Thomas DeLuca, Frank Frizalone, Nick Gallipoli and John Giannuzzi of Cushman & Wakefield.
Racanelli Const. project team members included: Project executive Michael Racanelli, project manager Robert Germano, project supervisor Craig Lingaas, and assistant project manager Tim Jones.
When Environmental Site Assessments (ESA) were first part of commercial real estate risk management, it was the lenders driving this requirement. When a borrower wanted a loan on a property, banks would utilize a list of “Approved Consultants” to order the report on both refinances and purchases.