1/31/24

Venture One & Affinius Capital Deliver Two Western Suffolk County Class A Developments Totaling 245,240 SF On Long Island, New York

Rosemont, IL – January 31, 2024 – Venture One in partnership with Affinius Capital announce the completion of two speculative class A development projects located at 49 Wireless Boulevard in Hauppauge, New York (“VENTURE PARK HAUPPAUGE”) and 2950 Veterans Memorial Highway in Bohemia, New York (“VENTURE PARK ISP”).

49 Wireless Boulevard (“VENTURE PARK HAUPPAUGE”) is located in Hauppauge, New York. The 123,970 square foot infill facility sits on 7.40 acres and features 40 dedicated trailer parking positions. VENTURE PARK HAUPPAUGE is located less than 1 mile from the Long Island Express (I-495) in Hauppauge Innovation Park. Hauppauge Innovation Park is home to more than 1,300 businesses, 55,000 + employees, and accounts for over 8% of Long Island’s GDP.

The class A development features 36’ clear height, 52’ x 50’ bays, 130’ truck courts, 131 car parking stalls and dedicated parking for 40 trailer stalls. For more information, please visit www.VentureParkHauppauge.com.

2950 Veterans Memorial Highway (“VENTURE PARK ISP”) is located in Islip, New York. The 121,270 square foot low-coverage facility sits on 9.70 acres and features 119 dedicated fleet parking stalls. VENTURE PARK ISP is located less than 2.8 miles from the Long Island Express (I-495) and has over 700 feet of frontage on Veterans Memorial Highway, offering immediate access to the Long Island Expressway (I-495) and Sunrise Highway (Route 27), Long Islands two primary East/West arteries.

The class A development features 36’ clear height, 52’ x 50’ bays, 130’ truck courts and direct access if Veterans Memorial Highway via a lighted interchange.  The low coverage facility features 122 car parking stalls and 119 dedicated fleet parking stalls to efficiently service the densely populated Long Island market. For more information, please visit www.VentureParkISP.com.

Both developments are ready for immediate occupancy and have 10-year PILOT programs from the Suffolk County Industrial Development Agency (Suffolk County IDA) and Town of Islip Industrial Development Agency (Town of Islip IDA), respectively. They offer approximately 40% lower real estate taxes to occupants.

Thomas DeLuca, Frank Frizalone, Nick Gallipoli and John Giannuzzi of Cushman & Wakefield have been retained to market VENTURE PARK HAUPPAUGE and VENTURE PARK ISP for lease on behalf of Venture One.

About Affinius Capital

Affinius Capital® (previously known as USAA Real Estate and Square Mile Capital Management) is an integrated institutional real estate investment firm focused on value-creation and income generation.  With a 40-year track record and $32 billion in net assets under management, Affinius has a diversified portfolio across North America and Europe providing both equity and credit to its trusted partners and on behalf of its institutional clients globally.  For more information, visit www.affiniuscapital.com.

Venture One Real Estate-2023

Venture One Real Estate is a real estate private equity fund manager, developer and operating company specializing in the industrial property sector.  Headquartered in Chicago, Venture One manages a series of discretionary value-add investment funds that target opportunities throughout the greater Chicago, Northeast and Florida markets.  For further information go to www.VentureOneRE.com.