Industrial landlord Milvado rides the e-commerce leasing wave into 2019

New York /
Feb.February 11, 2019 01:13 PM

Syosset-based Milvado Property Group leased or renewed 51,431-square-feet of industrial space in January, a strong start that the Syosset-based company attributed to an increased demand from e-commerce, continuing a trend it saw in 2018. Milvado, which adopted its current name a year ago this month, signed 30 lease deals during the last two quarters of 2018, according to the New York Real Estate Journal. “E-commerce is driving retailers’ insatiable appetite for super large warehouse space to accommodate products purchased online,” said a statement from David Hercman, a regional director and director of asset management at Milvado. So far this year, Milvado has negotiated deals for 171-175 East Second Street in Huntington Station; 101-125 Comac Street90 13th Avenue and 100 13th Avenue in Ronkonkoma; 6851 Jericho Turnpike and 575 Underhill Boulevard in Syosset; and 270 Duffy Avenue in Hicksville. New tenants include the California Fragrance Company, Forward Industries Inc. and ESR Capital Fund, among others. [NYREJ]


Related Articles

arrow_forward_ios
The estate in Cove Neck with Tatum O’Neal and John McEnroe (The Pesce & Lanzillotta Team, Getty)
Former Gold Coast estate of John McEnroe, Tatum O’Neal hits market
Former Gold Coast estate of John McEnroe, Tatum O’Neal hits market
104 Edgemere Street in Montauk
Little houses draw big interest in mansion-heavy Hamptons market
Little houses draw big interest in mansion-heavy Hamptons market
(iStock)
Locals: Put housing, not warehouses, on landfill site
Locals: Put housing, not warehouses, on landfill site
1 Swan Landing
5 Gatsby-esque homes fit for the Roaring 2020s
5 Gatsby-esque homes fit for the Roaring 2020s
Bidding wars occurred in 35 percent of North Fork home sales. (iStock)
Bidding wars drive Long Island home prices to new highs
Bidding wars drive Long Island home prices to new highs
The land that time forgot: A North Fork real estate saga
The land that time forgot: A North Fork real estate saga
The land that time forgot: A North Fork real estate saga
Flurry of 8-figure deals highlight Hamptons sales in June
Flurry of 8-figure deals highlight Hamptons sales in June
Flurry of 8-figure deals highlight Hamptons sales in June
Castello di Borghese Vineyard
North Fork vineyards attract new varietals of buyers
North Fork vineyards attract new varietals of buyers
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...