Schacker Completes 158,115 Sq. Ft. Lease at 235 Pinelawn Road in Melville

Representing rapidly growing sister cosmetic companies, Absolute N.Y. Corp. and Proxima N.Y. Corp., James Parnes and Philip Shwom completed the lease after a lengthy negotiation. CBRE represented the landlord, Hartz Mountain Industries. 235 Pinelawn Road is the site of the former Newsday headquarters, which was razed in 2021 and redeveloped into a 600,000 sq. ft. state-of-the-art distribution center completed in 2022. The property features pre-fabricated concrete panel construction, 40’ ceiling height, ESFR sprinklers, 54’ x 56’ column spacing and ample employee and trailer parking. Occupancy for the long-term lease is expected to occur in the Spring of 2024 after construction of office space and other tenant improvement work. The project benefits from a 15-year tax abatement from the Suffolk County Industrial Development Agency.