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Transactions - MARCH 31, 2021

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New York industrial demand continues to drive new developments

by Released

The Frassetto Cos. has plans to develop a class A, 76,000-square-foot, state-of-the-art speculative warehouse and distribution facility in Wallkill, N.Y.

The facility will be constructed on 5.1 acres at 103 Tower Dr. in Wallkill, a suburban New York City community positioned in western Orange County less than 1.5 miles from the “Golden Triangle” of interstates, an intersection of Interstates 84 and 18 and Route 6, named for its appeal to distribution and warehousing tenants. Additionally, the site is proximate to Route 1, which, along with I-84, serves as an artery across the Hudson Valley region, connecting Orange County to various Upstate New York and Northern New Jersey counties in addition to Interstate 87, which is a strategic corridor between the New York City MSA and Montreal, the second-largest metropolitan area in Canada.

The facility’s state-of-the-art features will include 36-foot clear heights, 10 overhead tailboard loading doors with dock levelers an

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