A project that will bring two new warehouses to Shirley is getting economic incentives from the Town of Brookhaven Industrial Development Agency.
The $72 million project is a joint venture between Yonkers-based AVR Realty and Scannell Properties, a national developer headquartered in Indianapolis.
The plan calls for developing a total of 401,000 square feet of warehouse and distribution space on a 47.26-acre site located just south of the Long Island Expressway at Exit 68.
Dubbed Precision Innovation Park, the project includes a 150,000-square-foot building with 36-foot clear ceiling heights, 28 dock doors, 28 trailer stalls and parking for 150 cars and a 250,000-square-foot building will have 40-foot clear heights, 42 loading doors, 52 trailer stalls and parking for 250 cars.
AVR purchased the vacant Shirley site in 2020.
The IDA, which gave approval for the assistance in Dec. 2021, closed on the incentives agreement on June 16, according to an IDA statement. The project is expected to generate 70 full-time equivalent jobs within two years of its completion. Construction is expected to generate 91 jobs and the project is expected to be completed in early 2023.
“This project will turn land that has been vacant for decades into productive real estate generating both jobs and revenues for the town,” Brookhaven IDA Chairman Frederick Braun said in the statement.
The developers of the Shirley project have engaged JLL to lease the properties. The JLL leasing team includes Rob Kossar, Leslie Lanne, Seth Geldzahler, Tom DiMicelli, Doug Omstrom and Max Omstrom.
Article: https://libn.com/2022/06/28/ida-closes-on-incentives-for-72m-industrial-project/