Newswire Mann Report

Metropolitan Realty Associates Closes on 75,000SF Cold Storage/Freezer Distribution Facility 

33 Rajon Rd. (Photo courtesy of MRA)

Metropolitan Realty Associates LLC has closed on the acquisition of three properties comprised of a vacant, 75,000-square-foot, single-story cold storage/freezer facility and distribution center, as well as 11.5 acres of land located at 33 Rajon Rd. in Bayport, New York for $12.6 million The building was formerly occupied by global baking giant Europastry USA.

“In light of today’s tight industrial market, we are excited to acquire a prime cold storage facility with significant expansion potential. With the explosion of the food preparation and delivery service business across Long Island, this facility is ‘plug and play’ ready for the next operating business seeking fully functional cold food storage and distribution,” said Joseph Farkas, MRA CEO and founder.

The move-in ready cold storage facility boasts 40-foot clear ceiling heights, a 35,000-square-foot in-place freezer with full-height racking, 11 loading docks and two drive-in doors, allowing a future tenant to begin operating immediately. MRA is also finalizing approvals with the Town of Islip for the development of two Class A, freestanding industrial warehouse and distribution buildings totaling approximately 172,000 square feet at the site.

MRA was represented in the acquisition by Doug Omstrom of JLL; Paul Schwartz, Esq. of Adler & Stachenfeld and Anthony Guardino, Esq. of Farrell Fritz. The seller was represented by Nick Gallipoli of Cushman & Wakefield of Long Island.