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Local officials will join developers at a groundbreaking ceremony next week for a new industrial project in Islandia.
Phoenix-based Creation and partner J.P. Morgan Asset Management will begin construction of a 178,000-square-foot warehouse/distribution facility on 12 acres on Old Nichols Road. The property has 1,000 feet of frontage on the service road of the Long Island Expressway.
The groundbreaking ceremony is scheduled for 11:30 a.m. on Thursday, Dec. 8 at 981 Old Nichols Road.
Dubbed the Old Nichols Commerce Center, the project site has been rezoned from residential to commercial to accommodate the new development. The project is expected to be substantially completed by the end of next year, according to a company statement.
The Islandia development is the second Long Island industrial project for Creation. The company is building a 103,500-square-foot warehouse on 8.18 acres at 125 Baylis Road in Melville.
Creation demolished a 100,000-square-foot office building at the Melville site and is replacing it with the new warehouse and distribution center, featuring 32-foot ceilings, 20 dock doors and two drive-in bays. The new building will have 96,900 square feet of warehouse space and 6,600 square feet of office space and is pre-leased to Keurig Dr. Pepper.
Founded by David Sellers and Bob Agahi in 2018, Creation has a portfolio that includes $4.65 billion of ground-up developments in Arizona, Texas, California, Colorado, Tennessee, New York and New Jersey. The company also has nearly $1.5 billion in mixed-use office, retail and multifamily projects in the pipeline.
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Image and article originally from libn.com. Read the original article here.