3318 Veterans Highway, Bohemia, NY. This is the first building we built and the first location where we owned and operated Long Island Hardware. We chose this location to service the growing companies opening in and around the industrial and commercially zoned areas along Veterans Highway, Bohemia, Ronkonkoma and Holbrook.
3606 Veterans Highway, Bohemia. Due to the hardware business booming, ownership decided it was time to expand and relocate the store. We built our new (and current) location right down the road at 3606 Veterans Highway. This 24,040 square foot building was originally built as a multi-tenant building, but Long Island Hardware quickly grew majority of the building - meeting the ever-increasing hardware needs within the area.
The booming 80’s resulted in the construction of 114,000 square feet of speculative commercial space with large multi-tenant industrial buildings including 4100-4134 Sunrise Highway, Oakdale, 51-71 Windsor Place, Central Islip, & retail-oriented complexes such as 1515-1533 Lakeland Ave, Bohemia & 4101-4109 Sunrise Highway, Bohemia.
The 90’s proved to be a robust time for acquisitions. We purchased almost 100,000 square feet of varying types of commercial properties across Suffolk County – ranging from main street locations in towns such as Bayport & Oakdale to more industrial type buildings in Ronkonkoma & Bohemia to finally a retail shopping center out east in Yaphank. A relatively stagnant national economy gave way to real estate buying prospects across Long Island and O’Shea Properties experienced important growth opportunities during this time.
The late 90’s also proved to be an active acquisition time as we purchased 200,000 square feet of industrial and commercial buildings expanding our multi-tenant industrial reach to areas such as the desirable & western industrial hot spot of Brook Avenue in Deer Park and Skip Lane in Bay Shore. A 20,000 square foot retail center in St. James further expanded our reach to the north shore.
The years right before the millennium turned out to be pivotal years for O’Shea Properties development growth. We built five large multi-tenant speculative industrial buildings totaling almost 200,000 square feet of space (Holbrook & Bohemia). The benefit of ground up constriction during these years was that we could cater unit sizes, types, features to the growing number of small industrial businesses/tenants moving to the Veterans Highway Industrial Corridor district due to its central LI location & transportation hub features.
The millennium was a historical one for O’Shea Properties as we built our first office building totaling just over 54,000 square feet. With twenty-seven individual suites ranging in size from 1,300-3,500 square feet, this single-story office building offered both high visibility and quality construction at a value given the building had no common areas, elevators, etc.
In 2000, we also acquired four industrial buildings in Deer Park totaling almost 30,000 square feet, adding to our Deer Park/Bay Shore presence. This central LI location provided prospective tenants servicing western locales and/or NYC an ideal and affordable workspace with less commute time.
During these years, we constructed 121,000 square feet of industrial space including 2180 Fifth Avenue, Ronkonkoma (55,000 SF), which was our 1st multi-tenant industrial building with larger size units (10,000 + SF) to accommodate bigger warehousing companies desiring loading dock features, higher ceiling heights, and a large percentage office, etc. We also constructed 1170 & 1180 Lincoln Ave, a total of 66,000 square feet, featuring 50% office and more modern amenities than a typical multi-tenant industrial building.
Capitalizing on a premier location at the entrance to Long Island’s ever-expanding Long Island MacArthur Airport, we built our second office building totaling just over 24,000 square feet at 4155 Veterans Highway in Ronkonkoma. During pre-construction phase, we attracted large anchor tenants such as Chase Bank, which allowed for highly customized buildouts and a quick lease-up period. This property is now home to our corporate headquarters.
With a strike of luck, we returned to our multi-tenant industrial unit model with the construction of 840 & 850 Lincoln Avenue, in Bohemia totaling 65,000 SF with unit sizes ranging from 1,400 to 2,100 SF. The timing here worked out well as this was a smart product to bring to market directly before the market crash in 2008 and ensuing recession.
You cannot always time the market! Amidst a nationwide recession, we completed another speculative single-story office building totally 36,000 SF located at 3920 Veterans Highway, Bohemia. This was a prolonged lease-up period but culminated in many high-quality tenants who remain at this property today.
As our portfolio reached historically low vacancy rates, it was time to get back into acquisition mode. We purchased two single (user) tenant industrial buildings totally 40,000 square feet. We created value and met market demand by converting them into multi-tenant high tech industrial buildings to meet the demands of today’s more sophisticated industrial user with a larger percentage of office space, modern amenities, etc.
In partnership with the Town of Islip Industrial Development Agency, we built two multi-tenant industrial buildings totally 45,000 SF at 46 & 48 Windsor Place, in Central Islip. The goal here was to meet the growing needs of some of our smaller tenants desiring the features of the larger, more high-tech industrial spaces while staying in the 1,250-1,750 square foot size range. By partnering with the Town of Islip IDA, we were able to benefit from tax incentives to create a modern, class A product at a competitive rent. Thus, creating a tremendous amount of value for small, mid-size or start-up businesses on Long Island.
5150 Veterans Highway, Holbrook. This property is over 5 acres of vacant land, near the corner of Broadway Avenue and Veterans Highway. We are currently in the design phase for a 70,000 square feet multi-tenant industrial building.