Bahrain-based Investcorp's recent acquisition of a 435,000-square-foot industrial portfolio in Suffolk County reflects its strategy to strengthen its position in the industrial real estate market.
Four of the five properties in the newly acquired portfolio are fully occupied, with Investcorp planning to redevelop a vacant site into overnight truck and van parking, indicating demand for logistics space.
The industrial real estate sector has proven more resilient than other commercial sectors in recent years, but challenges loom due to a potential supply boom of new inventory.
Asking rents in Long Island's industrial market have reached a 10-year high, reflecting the ongoing demand for industrial spaces despite some reported negative absorption in the market.
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