Hicksville Warehouse Planned As Nassau Approves Superfund Revitalization

HICKSVILLE, NY — A warehouse is slated for a 15.1-acre vacant site in Hicksville.

The Nassau County Industrial Development Agency approved a transaction with Pictor Nassau Logistics Center for the revitalization of a New York state superfund site, according to a news release.

The lot, at 125 New South Road, will see the construction of a 207,237 square-foot warehouse and approximately 12,400 square-foot ancillary office. The $99.4 million investment into the community will create 50 full-time-equivalent jobs, as well as 75 construction jobs.

Construction is expected to completed during the second quarter of 2024.

"It is always pleasing to see such substantial investment and job creation occur within Nassau County," Nassau County Executive Bruce Blakeman said in the release. "We are excited to see this project come to fruition and the benefits it will bring to Nassau County businesses and residents."

The parcel was declared a superfund site in 1984 because of pollution by manufacturers who had previously occupied the property.

"It has since been cleaned up, making it perfectly suitable for development," the release states.

Pictor Nassau Logistics Center plans to rent parts of the warehouse and its parking out to third-party tenants.

"Not only does this project represent an enormous investment into the Nassau community, but it will also allow existing and future Nassau businesses to expand and improve their operations,” said NCIDA Chairman William Rockensies. "We are looking forward to seeing the potential that this project will bring to our county’s economy."

Nassau residents will see significant tax benefits with the project, according to the development agency. Over the course of its 20-year PILOT, this project is set to generate nearly $27.2 million in tax revenue for the county. This is a nearly 250 percent increase over the $11 million of tax revenue the property would have generated without the project, the agency wrote. Nassau County will also see increased municipal tax revenue as a result of the project. Without tax aid from the NCIDA, the company would have made its investment in northern New Jersey, the agency said.

"When a new project is able to increase tax revenue on a property by more than two-and-a-half times than the property would have generated without it, it is easy for us to make the decision to help it succeed," said Nassau IDA CEO Sheldon L. Shrenkel. "Not only that, but our aid also enables other businesses to do their part in expanding Nassau’s economy via this project. We are proud to have provided our assistance on this project and we are eager to see its future success."