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Denver firm buying Northrop Grumman site in Bethpage for $51.2M | Long Island Business News

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3 years ago

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Denver firm buying Northrop Grumman site in Bethpage for .2M | Long Island Business News


Prologis, a Denver-based developer of logistics amenities, is in contract to purchase property owned by Northrop Grumman for $51.2 million. 

The customer plans to construct a 239,070-square-foot warehouse and distribution complicated on the 17-acre Bethpage web site, which is at the moment occupied by two workplace buildings totaling 218,000 sq. ft and a ten,893-square-foot former steam plant that might be demolished. 

Northrop Grumman, which as soon as employed 27,000 individuals on Lengthy Island, has been shrinking its as soon as sprawling footprint in Bethpage for the final couple of a long time. Most of the West Falls Church, Va.-based aerospace agency’s former property right here has been redeveloped for warehousing and distribution amenities and different gentle manufacturing makes use of. 

In Nov. 2021, the corporate employed JLL to market this newest piece of its property, the majority of which is situated at 600 Grumman Street West. 

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The sale value of about $3 million an acre matches the high-water mark for latest gross sales of business property on Lengthy Island, together with the 15 acres bought for $45 million final summer season by Brookfield Asset Administration on New South Street in Hicksville, situated a stone’s throw from the Bethpage web site that Northrop Grumman is promoting. 

Prologis has utilized to the Nassau County Industrial Growth Company for financial incentives to help in its deliberate $106 million Bethpage redevelopment mission. The corporate has requested the IDA for a 20-year payment-in-lieu-of-taxes settlement, in addition to gross sales and mortgage tax exemptions. Legal professional Dan Deegan of Forchelli Deegan Terrana is representing Prologis in its request for advantages, in keeping with the IDA software. 

Prologis nonetheless must safe approvals from the City of Oyster Bay for the Bethpage mission, for which the developer hopes to start building in Might 2023 and expects to finish within the spring of 2024. 

The JLL staff representing Northrop Grumman within the sale contains Jose Cruz, Marc Duval, Andrew Scandalios and Jordan Avanzato. The brokers declined to touch upon the pending deal.   





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Denver, CO

PHOTOS: Denver Broncos beat Las Vegas Raiders, 29-19, in NFL Week 12

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November 24, 2024

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PHOTOS: Denver Broncos beat Las Vegas Raiders, 29-19, in NFL Week 12




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Denver, CO

Raiders HC Sounds Off on Broncos QB Bo Nix’s Rapid Rise

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9 hours ago

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November 24, 2024

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Raiders HC Sounds Off on Broncos QB Bo Nix’s Rapid Rise


On Sunday, fans will be treated to a head-to-head contest between two rapidly emerging offensive powerhouses, both of whom are bonafide Rookie of the Year contenders. Denver Broncos quarterback Bo Nix and Las Vegas Raiders tight end Brock Bowers found new homes with consecutive picks during last April’s NFL draft, and since then, they’ve performed exceptionally well in the pro ranks.

Nix is firmly on the radar of Raiders head coach Antonio Piece, but that’s even more true after yet another award-winning performance last week.

“He was a winner as a freshman. He was a winner as a six-year player,” Pierce noted of Nix. “All he does is win, come in the league. Won the quarterback battle there in Denver. Maybe they were keeping them tight on the leash early on, and now they’re not. He has full control that offense. You can see that Sean Payton gives him opportunities to audible and make some adjustments. He’s making throws, he’s running with his legs, he’s taking care of the football, and he’s winning. That’s all you can ask for from a rookie.”

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Nix presents a clear and present danger to the Raiders’ chances of squeezing out what would be only their third win of their massively disappointing season. Stopping the impressive rookie is proving to be another matter entirely for NFL defenses, especially one with a badly beaten-up roster like the Raiders.

“This is crazy,” Raiders linebacker Divine Deablo said via ESPN‘s Paul Gutierrez. “I’ve never seen this amount of injuries on any team I’ve been on.”

This week, Broncos head coach Sean Payton has pumped the brakes a little on the burgeoning hype exploding around Nix. That being said, you get the distinct feeling that Payton is more than comfortable unleashing Nix’s full array of talents at his disposal. Confidence is growing in Nix, and that’s been reflected in how Payton has opened up the playbook for his first-year signal-caller.

The juices are flowing, and Payton may have found an answer in dynamic second-year receiver Marvin Mims Jr. The mystical “joker” role within the Broncos offense seems to have been filled.

“I think we always gotta be saying, ‘Hey, are we doing everything we can to highlight his strengths?’ And so, yeah, I don’t know if he’s got the ‘joker’ tattoo, but he might be invited to the club,” Payton said via Andrew Mason.

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When push comes to shove, if Nix plays lights out again, an easy win might come Denver’s way, but stopping Bowers would also ensure the victory and help in the race for Rookie of the Year honors. Payton is already on high alert, but it was also tinged with a bit of football envy when he illustrated Bowers’ “joker” abilities.

“Someone had a really good vision for him and you see all the ‘Joker’ traits, means and change of direction,” Payton said of Bowers. “It can’t be a little. It’s a high-end receiving trait and he can move, he can be outside and he can run a route tree maybe different than most tight ends.” 

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Denver, CO

Jokic and Denver take on the Knicks in non-conference play

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18 hours ago

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November 24, 2024

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Jokic and Denver take on the Knicks in non-conference play


Associated Press

New York Knicks (9-7, fourth in the Eastern Conference) vs. Denver Nuggets (9-6, fifth in the Western Conference)

Denver; Monday, 9 p.m. EST

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BOTTOM LINE: Nikola Jokic and the Denver Nuggets host the New York Knicks in a non-conference matchup.

The Nuggets have gone 5-3 at home. Denver ranks sixth in the Western Conference with 12.0 offensive rebounds per game led by Jokic averaging 4.4.

The Knicks are 4-5 in road games. New York ranks seventh in the Eastern Conference allowing only 112.4 points while holding opponents to 47.3% shooting.

The Nuggets are shooting 47.8% from the field this season, 0.5 percentage points higher than the 47.3% the Knicks allow to opponents. The Knicks average 14.3 made 3-pointers per game this season, 1.2 more made shots on average than the 13.1 per game the Nuggets allow.

TOP PERFORMERS: Michael Porter Jr. is averaging 18.6 points and 7.1 rebounds for the Nuggets.

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Jalen Brunson is averaging 25.1 points and 7.4 assists for the Knicks.

LAST 10 GAMES: Nuggets: 7-3, averaging 118.4 points, 45.5 rebounds, 31.6 assists, 8.7 steals and 4.8 blocks per game while shooting 49.7% from the field. Their opponents have averaged 112.7 points per game.

Knicks: 6-4, averaging 120.3 points, 42.9 rebounds, 29.9 assists, 6.7 steals and 4.1 blocks per game while shooting 50.5% from the field. Their opponents have averaged 114.5 points.

INJURIES: Nuggets: Aaron Gordon: out (calf), DaRon Holmes II: out for season (achilles), Vlatko Cancar: out (knee).

Knicks: Precious Achiuwa: out (hamstring), Miles McBride: day to day (knee), Mitchell Robinson: out (ankle).

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The Associated Press created this story using technology provided by Data Skrive and data from Sportradar.



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