
Denholtz Properties Expands Industrial Portfolio with Acquisition of 241,171-Square-Foot Industrial Building in West Nyack, N.Y.
1 March 2022
Denholtz Properties announces the acquisition of a 241,171-square-foot industrial building located at 250 West Nyack Road in West Nyack, NY.
Strategically positioned near the New Jersey/New York state border in Rockland County, 250 West Nyack Road offers prime access at the junction of the Palisades Parkway and Interstate 287. Its location provides swift access to New York City, Westchester and Fairfield County via the nearby Governor Mario Cuomo Bridge, and northern New Jersey through I-287.
Situated on 14.9 acres, the property features 204,598 square feet of warehouse space, 31,144 square feet of office space, and a 6,429-square-foot common area. Highlights include 20’-22’ clear ceiling heights, 19 loading docks, five drive-ins, ample outdoor storage, and 209 parking spaces. Currently, the building is 95.8 percent leased to a diverse tenant base, including Guski Logistics Corp., DCH Auto Group, SCP Distributors, and Artcore as industrial tenants. Office tenants include prominent government agencies such as the IRS and Social Security Administration.
Recently, a $1.3 million capital improvement plan upgraded the property with a new roof, exterior painting, asphalt repaving and striping, and concrete repairs. A rooftop solar installation is currently in pre-development to enhance the building’s sustainability.
“Rockland County’s proximity to NYC, favorable demographics, and limited industrial space supply make it an appealing market,” said Mark Mahasky, Director of Capital Transactions at Denholtz Properties. “Acquiring a stabilized, multitenant asset in this area aligns with our focus on near-term stability and long-term value creation.”
Rockland County’s favorable rental rates, averaging $12 per square foot—compared to NYC’s $22.50 and northern NJ’s $13.96—continue to attract value-oriented tenants seeking easy access to the NYC market. However, a limited supply of new industrial spaces, with only three buildings totaling 60,250 square feet constructed since 2017, has driven vacancy rates down to 4.2 percent and spurred rent growth of approximately 30 percent over the past five years.
This acquisition reinforces Denholtz Properties’ commitment to expanding its portfolio of multitenant industrial assets across key markets in NJ, FL, and NC. By combining institutional-grade management with an adaptable approach, Denholtz Properties provides high-quality, stabilized industrial investments that meet evolving tenant needs.
The transaction was facilitated by JLL’s Jose Cruz, Andrew Scandalios, Marc Duval, Tyler Peck, Jordan Avanzato, and Nicholas Stefans, representing the seller.