Creation Equity announced that it sold Baylis 495 Business Park, a newly developed industrial building totaling 103,500 square feet in Melville, N.Y.
JLL represented the seller.
Baylis 495 Business Park is situated on 8.18 acres approximately one mile south of the Long Island Expressway. Key building features include 32-foot clear heights, 20 dock doors, two drive-in doors and excess parking.
The property is fully leased to the investment-grade credit beverage company Keurig Dr. Pepper, who will utilize the site as its long-term flagship location on Long Island to service their growing, high-volume last-mile distribution network.
