NEW YORK, Sept. 18, 2025 – JLL Capital Markets announced today it has arranged a $47.8 million construction loan for Quogue Business Park, located at 8 Midhampton Ave. in Quogue, NY. Quogue Business Park is a mixed-use project comprising two shallow bay industrial buildings and a self-storage facility strategically located and designed to serve businesses and individuals throughout the Hamptons.
JLL arranged the loan on behalf of The Renatus Group, a private real estate investment and development firm headquartered in Port Chester, New York and their partner, Declaration Partners, a private investment firm based in New York and Washington, D.C.
Construction on the project began in Q2 2025 with expected completion in Q3 2026.
The industrial buildings have been designed to provide maximum flexibility for tenants, with each able to accommodate users as small as 5,000 square feet and the ability to provide each tenant with an individual loading dock and drive-in door. The self-storage facility will offer versatile storage solutions for both permanent and seasonal residents as well as small businesses.
Quogue Business Park will benefit from a strategic location in Quogue, providing tenants easy access to both the North and South Forks of Long Island. The property is also near the Sunrise and Montauk highways, providing easy access to the wider Long Island area and New York City.
A JLL Capital Markets team including Senior Managing Director Scott Aiese and Director Alex Staikos, arranged the financing.
Said Aiese, “This development will provide a modern, differentiated offering in The Hamptons that meets the needs of local businesses and residents. The shallow bay industrial buildings will provide the access, parking and flexibility that increase efficiency and benefit small business operations. For residents and small businesses, the self-storage component will provide flexible storage solutions.”
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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 $23.4 billion and operations in over 80 countries around the world, our more than 112,000 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.