In the largest commercial acquisition in Rockland County since 2016, the joint venture between Onyx Equities, LLC and Angelo Gordon has purchased Bradley Corporate Park, located at 500 Bradley Hill Road in Blauvelt, New York, for an undisclosed sum. The 1.2 million-square-foot industrial complex consists of 16 buildings across 180 acres.
The CBRE BoroLogistics team of Brad Cohen, Jacob Tzfanya and Jon Kamali, along with Brian Fiumara of CBRE National Partners, represented the buyers in the record-setting deal.
“The acquisition of Bradley Corporate Center has expanded our portfolio into the high-barrier-to-entry, infill market of Rockland County,” said Onyx Equities’ Chief Investment Officer Stephen Sullivan (pictured). “This portfolio provides our venture stable cash flow with the ability to increase revenue through strategic renovation and lease up, as well as potential for development.”
The new ownership plans to upgrade the existing building infrastructure and complete the leasing in the complex, which is currently 90 percent occupied, Tzfanya noted. The park is located west of White Plains, New York, with access to I-287, the New York State Thruway, Palisades Parkway and Route 303.
“We are very excited to have closed our first deal with Onyx Equities, and continued our approach of seeking value-add industrial opportunities,” said Daniel Rudin, managing director at Angelo Gordon.