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Carlls Path

Deer Park, NY

Industrial - Ground-Up Construction

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Carlls Path

INDUSTRIAL - GROUND-UP CONSTRUCTION

ACRES has funded a $68.5 million loan for the development of 377 Carlls Path a single-story, Class-A industrial property situated in Deer Park, NY.

The Property is located within the Hamlet of Deer Park, which boasts a vibrant industrial market and a tight market demand.

This development will include:
• Single-story industrial building with a net rentable area of 310,500 square feet.
• 61 dock high doors to facilitate efficient loading and unloading operations;
• 36-foot clear height, allowing for ample vertical space within the facility
• 112 loading stalls, which include 51 designated spaces for trailer storage, ensuring smooth logistics operations
• A total of 369 auto parking stalls, with 140 of these designated as land banked stalls, providing flexibility for future expansion or additional uses. floor retail space, and on-site parking for 137 vehicles.

$68.5 Million

Loan Amount

Construction Loan

Loan Product

“ACRES is delighted to invest with Thor on this tremendous new project. The Long Island industrial market is sorely lacking well-located, modern buildings that are necessary to support the local economy. Thor has worked tirelessly to bring this plan to fruition, and we look forward to their successful outcome.”

- Mark Fogel, Chief Executive Office and President

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