JLL announced today that it has arranged the $13.5 million sale of the Mohawk Valley Industrial Center, a fully approved industrial development site located along State Highway 5S in the Town of Florida, N.Y.
JLL represented the seller, Winstanley Enterprises LLC, a family-owned and operated commercial real estate company that primarily operates along the East Coast. Amazon acquired the property and plans to develop a large-scale, multi-story distribution facility on the site.
The approximately 143-acre property is fully entitled for industrial development, with all major utilities in place including heavy power, natural gas and municipal infrastructure. The site’s approvals, scale and proximity to regional transportation corridors position it as one of the premier industrial development opportunities in Upstate New York.
“This development represents a major investment in the community and the future of the Mohawk Valley,” said Adam Winstanley, Principal of Winstanley Enterprises. “Amazon’s planned facility will be a state-of-the-art operation that creates jobs, strengthens the local economy and meaningfully enhances the town’s tax base.”
Located less than two miles from Exit 27 of the New York State Thruway (I-90), the property offers direct access to key regional and interstate routes and sits within a four-hour drive of more than 115 million consumers, making it highly attractive to national logistics users.
Jim Panczykowski, vice chairman with JLL’s Northeast Industrial Region, led the marketing and sale of the property.
“This transaction underscores the scarcity and value of fully approved industrial sites that can support next-generation logistics facilities,” Panczykowski said. “Winstanley Enterprises created a best-in-class development platform and our team was able to leverage the site’s approvals, infrastructure and strategic location to deliver a strong outcome for the seller.”
The Mohawk Valley Industrial Center is surrounded by a growing roster of national and regional industrial users and benefits from an established labor market with strong workforce accessibility.
