Newmark Arranges Sale of 143,000-SF Industrial Asset 31 Windsor Place in Long Island, NY

August 19, 2025 9:00 AM

Newmark announces the company has arranged the sale of 31 Windsor Place, a 143,493-square-foot industrial asset in Central Islip, New York. The property traded from Brookfield, a leading global investor in high-quality real estate, to F.W. Webb Company, the largest wholesale distributor of plumbing, heating and HVAC products in the Northeast United States. Newmark Executive Vice President & Managing Director Chuck Tabone, SIOR and Managing Director Daniel Gazzola arranged the sale.

“This transaction represents a complementary outcome, aligning an institutionally owned asset with a best-in-class new ownership group poised to invest in the property, tailor it for specialized use and create long-term value,” said Tabone.

F.W. Webb Company, which will occupy the building, recently implemented a comprehensive capital improvement program. Upgrades included replacing overhead doors and mechanical equipment, updating warehouse and dock offices, IT and power infrastructure, conducting slab-on-grade repairs in the warehouse and servicing dock levelers. Ownership also added an ESFR sprinkler system, new dock levelers, a counter area with additional bathrooms and office space, enhanced warehouse lighting and dedicated fire pump and electric rooms.

Situated in the Long Island industrial submarket of Central Islip, 31 Windsor Place offers prime connectivity less than 2.5 miles from the Long Island Expressway via Veterans Highway. The single-story building features flexible column spacing, multiple exterior and interior loading positions, a protected interior loading area for overnight trailer storage and a generous truck court accommodating multiple 53-foot trailers. The facility also benefits from 24-hour access and a recently installed TPO roof.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended June 30, 2025, Newmark generated revenues of over $2.9 billion. As of June 30, 2025, Newmark and its business partners together operated from 165 offices with over 8,400 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

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