Lebanon, NJ — July 21, 2023
Rv3 Solutions, a leading corporate real estate advisory and asset management firm, today announced the successful sale of a specialized 94,000 square foot defense manufacturing facility located at 770 Park Avenue in Huntington, New York.
The property represents a highly secure, purpose-built advanced manufacturing asset supporting critical defense manufacturing operations. Strategically positioned within Long Island’s central industrial corridor, the facility benefits from proximity to key transportation networks, a deeply skilled labor pool, and one of the most supply-constrained industrial markets in the United States.
Long Island has a long and distinguished history as a hub for defense and aerospace innovation, dating back to the early 20th century. The region has supported generations of manufacturing activity tied to national security, aviation, radar, and advanced communications technologies. Today, this legacy continues to underpin demand for specialized industrial infrastructure across Nassau and Suffolk Counties, where zoning restrictions, limited land availability, and legacy industrial conversion have created significant barriers to new supply.
The 770 Park Avenue asset reflects these market fundamentals, offering a rare combination of secure infrastructure, advanced systems integration capabilities and industrial functionality. In a land-constrained market such as Long Island, properties of this nature remain highly sought-after due to their scarcity and the complexity associated with replicating equivalent facilities.
Rv3 Solutions led the overall transaction strategy and advised on execution and partnered with Colliers Michael Cohen, President Tri State Region and Jason Maietta, Executive Vice President, who managed targeted buyer outreach and market engagement.
“This transaction highlights the continued strength and resiliency of Long Island’s industrial sector,” said Jerry Moore, CEO and President of Rv3 Solutions. “Assets like 770 Park Avenue are exceptionally difficult to replace given both physical constraints and regulatory barriers. We are seeing sustained interest in facilities that support high-value industries, particularly in markets where supply is limited and long-term demand fundamentals remain strong.”
The transaction underscores Rv3 Solutions’ expertise in managing and executing complex dispositions of specialized industrial and technical assets across the United States.
About Rv3 Solutions
Rv3 Solutions is a corporate real estate advisory and asset management firm delivering strategic, operational, and economic solutions to corporations, private equity institutions, and government entities. www.rv3solutions.com
About Colliers Tri State Region
Colliers is a leading commercial real estate services and investment management firm serving occupiers, owners, and investors worldwide. In the Tri-State Region, the firm provides brokerage, advisory, capital markets, project management, and related real estate services across New York, New Jersey, and Connecticut. www.colliers.com