NEW YORK CITY, Dec. 16, 2025 –  JLL Capital Markets announced today the sale of the Northern I-287 Small-Bay Portfolio, a four-building industrial complex totaling 209,792 square feet in Valley Cottage, New York.

JLL represented the seller, a private individual, in the sale to East Capital Partners. Working on behalf of the new owner, JLL also secured an acquisition loan through PCCP LLC.

The portfolio consists of four highly functional small-bay industrial assets spanning 16.48 acres at 612 Corporate Way, 614 Corporate Way, 704 Executive Boulevard and 706 Executive Boulevard. The buildings range from 29,700 to 72,000 square feet and feature ideal 24-foot clear heights with flexible suites from 1,300 to 28,350 square feet.

Located just off Route 303 and three miles from Interstate 287, the property offers exceptional connectivity to Bergen County, Westchester County and the New York City boroughs. The portfolio sits less than six miles from the Mario M. Cuomo Bridge and provides access to over 980,000 consumers within a 30-minute drive time.

The property is currently 96 percent leased to 27 tenants across diverse industries including wholesale and distribution, healthcare, financial services, logistics, and construction. The buildings feature 32 dock-high doors, two drive-in doors and 473 parking spaces providing a ratio of 2.3 spaces per 1,000 square feet.

With an increasingly constrained development pipeline of comparable product and limited available land for new construction, the properties are well-positioned to capitalize on the sustained demand for small-bay industrial space in proximity to some of the most affluent and densely populated markets in the greater New York area.

“We continue to see strong momentum for small bay industrial assets, particularly in the Northeast due to severe supply constraints, tenant diversity, and premium demographics. We expect continued institutional investment demand across this subsector, and we look forward to seeing East Capital execute their business plan,” stated Jose Cruz, Senior Managing Director, JLL Capital Markets.

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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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 113,000 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 WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com. 

East Capital Partners is a privately owned real estate investment firm specializing in off-market institutional commercial real estate and development opportunities throughout the Eastern United States. With a leadership team that has invested more than $7 billion across all major property types and throughout the capital stack, East invests on behalf of its own balance sheet, institutional clients—including pension funds, sovereign wealth funds, endowments, and foundations—as well as high-net-worth individuals. The firm’s value-creation strategies range from improving operations, leasing, and renovations to more intensive initiatives such as major repositioning, adaptive reuse, and ground-up development. For more information, visit www.eastcp.com.

PCCP, LLC is a real estate finance and investment management firm focused on commercial real estate debt and equity investments. PCCP has $27.9 billion in assets under management on behalf of institutional investors as of June 30, 2025. With offices in New York, San Francisco, Atlanta, and Los Angeles, PCCP has a 26-year track record of providing real estate owners and investors with a broad range of funding options to meet capital requirements. PCCP underwrites the entire capital stack to exploit inefficiencies in the market and provide investors with attractive risk-adjusted returns. Since its inception in 1998, PCCP has managed, raised, or invested over $45.3 billion of capital through a series of investment vehicles, including private equity funds, separate accounts, and joint ventures. PCCP continues to seek investment opportunities with experienced operators seeking fast and reliable capital. Learn more about PCCP at www.pccpllc.com.