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Sign in Sign up for a FREE subscriptionSimi Capital and Cerberus Capital acquire second NYC metropolitan area industrial
Simi Capital announced the acquisition of a Long Island industrial property for $15 million, in partnership with Cerberus Capital Management.
Simi Capital’s newest acquisition, located at 80 Jericho Turnpike in Syosset, is a six-acre site set to be utilized as an outdoor storage facility. Optimally situated near the intersection of major expressways and less than 30 miles from Midtown Manhattan, 80 Jericho Turnpike will be essential to servicing its surrounding communities and the flourishing industrial market in New York City.
This is Simi Capital’s second acquisition in the New York City metropolitan area within the last month. In a transaction executed in mid-October, also in partnership with Cerberus Capital Management, Simi Capital purchased a New York City outdoor storage facility for $19 million. The almost seven-acre site is located at 2577 Forest Ave. in Staten Island.
Long Island’s industrial market continues to boom, according to recent trend r
