Is the Toussie Family looking to cash out or cash in?
Brooklyn-based Robert Toussie and his son Isaac have retained Cushman & Wakefield to market more than two hundred acres of commercially zoned vacant property in the towns of Brookhaven and Islip.
The prolific Toussies, who’ve already developed hundreds of acres of single-family homes here, will entertain build-to-suit units, straight-out land sales, and joint ventures to develop the parcels that range in size from one to seventy-three acres in size. Prospective land purchasers can also tap into the Toussies’ supply of more than a hundred Pine Barrens Credits if needed to increase sanitary flow or building density, according to Ted Stratigos, C&W’s executive director, who heads its leasing and sales team.
“In addition to the strategic locations of the individual sites, the Town of Brookhave IDA can offer very attractive incentives on the larger parcels to qualified companies, which can save substantial money both upfront and during the construction and startup phases, as well as ongoing savings over the next ten years,” Stratigos said in a statement.
Isaac Toussie said the family feels the time is right to offer the commercial land because there is pent-up demand for industrial space and the economy is turning around.
“We’re not looking to unload, we’re looking for strategic arrangements,” Toussie said.