JLL Capital Markets facilitated the sale of 901-931 Burman Boulevard, a mission-critical industrial asset in Suffolk County, Long Island
News release
15 January 2025
KABR Group sells 189K SF industrial property in Calverton, NY for $15.25M
Capital flows
Investment sales and advisory
Industrial and logistics
Manufacturing
MORRISTOWN, N.J., Jan. 15, 2025 – JLL Capital Markets announced today the $15.25 million sale of 901-931 Burman Boulevard, a 189,631-square-foot industrial facility in Calverton, New York.
The JLL Suburban Tri-State Capital Markets team worked on behalf of the seller, KABR Group, in the sale, with Corniche Capital acquiring the asset.
Situated in Suffolk County on Long Island, the two-tenant property boasts features such as 48-foot clear heights, oversized drive-in doors and ample outdoor storage space. The 20-acre site provided additional land for development, ideal for future last-mile distribution to the North Fork and Hamptons.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 111,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About KABR Group
The KABR Group (“KABR”) is a vertically integrated, private equity real estate firm responsible for the investment, management, and development of commercial, residential, industrial, and hospitality real estate. Since being founded in 2008, KABR has acquired over six million square feet of development rights, four million square feet of office, thousands of multifamily units, hospitality, and industrial and distribution properties.
KABR leverages its competitive advantages and reputation to capitalize on real estate inefficiencies, over-leveraged assets, demographic changes, and economic growth. KABR targets value-added, opportunistic, distressed debt, special situations, and development real estate investments in the New York metropolitan area, southeastern region of the U.S, and other select high-growth markets.
About Corniche Capital
Corniche Capital is a leading opportunistic investment firm in both the private and public sectors. The business activities are divided between two main business units: real estate and private equity. Our investing objective is to generate out-sized returns with both current income and long-term capital appreciation through equity and debt investments. We seek to maximize returns and mitigate risk through our rigorous analyses and creative deal structuring.