Real Estate
Blumenfeld Development Group Grows with Commack Building Acquisition
Long Island Based Developer Acquires Gymnastics Studio
The Blumenfeld Development Group (BDG) announced that they have acquired a 21,000 square foot industrial building at 5 Brayton Court in Commack, NY. The building currently serves as a gymnastics studio and will be converted back for industrial purposes.
The property sits adjacent to the TJ Maxx Plaza, a BDG owned property located at Jericho Tpke and Larkfield Road.
“We continue to look at ways of growing and diversifying our portfolio of holdings throughout all sectors of the real estate development community,” said Brad Blumenfeld, Vice President, Blumenfeld Development Group.
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Blumenfeld added, “This acquisition further demonstrates our commitment to developing all properties throughout the tri-state area.”
David Pancetta, Kyle Burkhardt and Josh Cohen of Cushman & Wakefield brokered the transaction.
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About Blumenfeld Development Group (BDG)
Blumenfeld Development Group is a full-service real estate development firm with a diverse portfolio in the New York metropolitan region that is expanding into other national markets. BDG develops all asset types including industrial and logistics, multifamily, retail, office, medical office, aviation related, and experiential entertainment. BDG services include leasing, acquisitions, property management, construction, land use, architecture, engineering and design. BDG not only supports a host of charitable based initiatives, but regularly invests in the local communities in which it develops.
Contact: Seth Sylvan / Rubenstein Associates
516-322-0610 / [email protected]
Emily Hulbert / Rubenstein Associates
609-410-6083 / [email protected]
