A new two-building logistics complex is on tap for a 48-acre development site in Shirley. 

The $100 million project is a joint venture between Yonkers-based AVR Realty and Scannell Properties, a national developer headquartered in Indianapolis. 

The plan calls for developing a total of 400,000 square feet of warehouse and distribution space on the site located just south of the Long Island Expressway at Exit 68. 

Rendering of a building at the Precision Innovation Park in Shirley. / Courtesy of JLL

Dubbed Precision Innovation Park, the project includes a 150,000-square-foot building with 36-foot clear ceiling heights, 28 dock doors, 28 trailer stalls and parking for 150 cars and a 250,000-square-foot will have 40-foot clear heights, 42 loading doors, 52 trailer stalls and parking for 250 cars. 

“This project will bring new state-of-the-art facilities to the Long Island market that will meet the current and future needs of industrial tenants,” said Brian Ferruggiari, AVR’s director of public affairs. 

AVR purchased the vacant Shirley site in 2020. AVR is also a partner in the Breslin-Rose Associates’ 332-acre mixed-use development called The Boulevard, located just across the LIE in Yaphank. The Boulevard consists of more than 1,000 units of rental and for-sale housing, as well as a hotel and a 300,000-square-foot retail complex built on the property formerly occupied by the Parr Meadows racetrack. 

Scannell, AVR’s partner in the new Shirley project, is a privately held real estate development and investment company that focuses on building industrial, office, and multifamily projects throughout the U.S., Canada and Europe. Since its inception in 1990, Scannell has completed more than 470 development projects totaling 130 million square feet and its annual development volume is estimated at $5 billion, according to the company.   

Late last year, Scannell purchased a 138-acre long-dormant development site in Holbrook from Serota Properties for $150 million. The company has yet to reveal its plans for that site, though it’s likely to include logistics facilities. 

The developers of the Shirley project have engaged JLL to lease the properties. The JLL leasing team includes Rob Kossar, Leslie Lanne, Seth Geldzahler, Tom DiMicelli, Doug Omstrom and Max Omstrom. 

“The location of this facility is ideal for companies seeking a logistics center with direct access to the Long Island Expressway and Long Island’s affluent and dense population,” Lanne said in a company statement. “Coupled with its state-of-the-art design and competitive operating costs, Precision Innovation Park offers extraordinary flexibility at a time of increasing demand for logistics space.” 

Construction on the Shirley project is expected to begin soon with completion in early 2023.  

“We are excited to bring our expertise in the industrial market to a project by two forward-thinking developers who blend local market knowledge with deep industrial development expertise,” Geldzahler said in the statement. “The partnership is well-positioned to bring Precision Logistics Park to market at a time of increasing demand from e-commerce, food and beverage, and manufacturing companies.” 

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