A new warehouse and distribution facility whose tenants
include Walmart, has opened at 400 West John Street in Hicksville.
Jericho-based Sanders Equities built the 43,000 s/f
industrial building on about three acres of mostly vacant land it acquired in
On Wednesday, Nassau County Executive Laura Curran and the
Nassau County Industrial Development Agency (IDA) joined the principals of
Sanders Equities or a ribbon-cutting ceremony at the newly completed facility.
The IDA backed the venture when it was in its infancy and
had no signed tenants, allowing Sanders to invest $7 million to develop the
“Now more than ever we must work to entice new businesses
and jobs to our County to help rebound from the economic impact of this
pandemic. We need to ensure we have top-notch office properties and facilities
to attract quality long-term tenants and this project is a prime example of how
the IDA is helping to do just that,” said Curran.
Wal-Mart Stores East, LP will use its portion of the
building to warehouse and sort seasonal and overflow merchandise for its stores
throughout Long Island.
Tool-maker Weinstock Bros., originally located in Valley Stream and acquired by Würth Group Company in 2017, will move its operations to the property where it will produce high-quality structural bolts, tools, and equipment for some of the most innovative structural steel building and bridge construction projects.
“When the Nassau IDA initially approved the project several
years ago, the applicant did not have any tenants lined up for the building.
But the IDA saw the potential it held in attracting companies and opportunities
for our residents to the region,” said Nassau County IDA Chairman, Richard
Kessel. “We are thrilled that this investment has led to Wal-Mart Stores East
LP and Weinstock Bros., A Würth Group Company using this space as a hub to
support many of their operations on Long Island.”
The venture has already created more than 200 construction
jobs and currently 32 people are employ at the facility full-time.
“Our company remains committed to providing the market with
the highest quality and most flexible assets to accommodate the rapidly
changing operating demands of today’s industrial tenants,” said Sanders
Equities’ President Jordan Sanders.
“Working together with the IDA allowed us to bring two high-quality, international tenants to Nassau County.”
Pictured top (L-R) Nassau County Industrial Development Agency Chairman Richard Kessel, Nassau County Executive Laura Curran, Sanders Equities Principals, Arthur and Jordan Sanders.
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