GA Keen Realty Advisors Markets Jamesport Development Site on Long Island’s North Fork

- 43.6± acres of prime developable land along State Route 25 -

Business Wire

JAMESPORT, N.Y.--(BUSINESS WIRE)--

GA Keen Realty Advisors, the real estate division of Great American Group, Inc. (GAMR), has been retained by Jamesport Development LLC to market 43.6± acres of land with approvals in place for a 42,000-square-foot mixed-use commercial center. Located along New York State Route 25 and Manor Lane in Jamesport, N.Y., the site also includes valuable sand deposits.

“Situated in the heart of scenic Jamesport, the combination of a growing population base and desirable demographics makes this an extremely attractive opportunity for any developer,” said GA Keen Realty Advisors Co-President, Matthew Bordwin.

Development rights are in place, and a site plan is on file with the Riverhead planning department. The development rights are permitted based on current zoning and two special use resolutions which have been adopted by the town board. The site is zoned as rural corridor (RLC), hamlet residential (HR) and agricultural protection (APZ), and is suitable for retail, restaurants and various residential uses.

“The property also includes a significant amount of sand that can be excavated on the forward 9.7 acres. The sand alone is in strong demand and can be extremely valuable,” according to Bordwin.

The property is being marketed as part of a bankruptcy sale, and all transactions will be subject to court approval.

For more information about the properties, call 646-381-9222 or email Matthew Bordwin at mbordwin@greatamerican.com, Chris Mahoney at cmahoney@greatamerican.com or Craig Fox at cfox@greatamerican.com.

About GA Keen Realty Advisors, LLC

GA Keen Realty Advisors, located in New York, provides real estate analysis, valuation and strategic planning services, brokerage, M&A, auction services, lease restructuring services and real estate capital market services. For more information about GA Keen Realty Advisors, call (646) 381-9222 or visit http://www.greatamerican.com/keen.

About Great American Group, Inc. (GAMR)

Great American Group is a leading provider of asset disposition and auction solutions, advisory and valuation services, capital investment, and real estate advisory services for an extensive array of companies. A trusted strategic partner at every stage of the business lifecycle, Great American Group efficiently deploys resources with sector expertise to assist companies, lenders, capital providers, private equity investors and professional service firms in maximizing the value of their assets. The company has in-depth experience within the retail, industrial, real estate, healthcare, energy and technology industries. The corporate headquarters is located in Woodland Hills, Calif. with additional offices in Atlanta, Boston, Charlotte, N.C., Chicago, Dallas, Melville, N.Y., New York, Norwalk, Conn., San Francisco, London, Milan and Munich. For more information, call (818) 884-3737 or visit www.greatamerican.com.

Contact:
Great American Group
Michelle Kahan, 818-884-3737
Director of Marketing
mkahan@greatamerican.com
or
Mulberry Marketing Communications
Christina Alvarez, 312-664-1532
Senior Account Executive
calvarez@mulberrymc.com

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