An industrial property in Holtsville has sold for $9.5 million.
Rosemont, Ill.-based Venture One Real Estate purchased the 50,000-square-foot building on 4.48 acres at 889 Waverly Ave.
The property is leased to Fulfillment Plus, a provider of shipping services, warehousing and fulfillment services for a variety of industries.
This is the third Long Island acquisition for Venture One in the last six months. The developer acquired an 85,000-square-foot industrial building on 9.7 acres at 2950 Veterans Memorial Highway in Bohemia in Nov. 2021 and a 90,000-square-foot office building on 7.4 acres at 49 Wireless Blvd. in Hauppauge in March.
Venture One is investing $96 million to redevelop the Bohemia and Hauppauge properties into new warehouse and distribution facilities. The company is not planning on redeveloping the Holtsville property.
Brandon Lichtenstein, Tommy Rosati and Jason Maietta of Colliers International represented the buyer, as well as the seller, Ninabell Realty LLC, in the sales transaction.