Press Releases
Marcus & Millichap Brokers $54M Five-Property Long Island Industrial Portfolio Sale
April 20, 2026
NEW YORK, April 17, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a five-property, 275,938-square-foot multi-tenant industrial portfolio in Long Island, New York. The portfolio sold for $54,222,673.
“Owned by the same family since its construction, the portfolio was offered for sale for the first time,” said Michael Tuccillo of Marcus & Millichap in New York City. “The mix of small bay and mid bay buildings, a product that remains in extremely limited supply, combined with a tenant roster spanning from local operators to regional and national tenants, drove significant competition. Offerings with this level of diversification and footprint simply do not come to market often. This was a rare opportunity to acquire meaningful industrial scale on Long Island in a single transaction.” Tuccillo and Anthony Cerrone of Marcus & Millichap represented the seller, Howard Katz Realty & Construction, a company started by Howard Katz, who built over a million square feet of prime industrial space on Long Island. Tuccillo and Cerrone procured the buyer, Spiegel Associates. With roots dating back to 1945, Spiegel Associates is a privately held, vertically integrated real estate investment, development, and management firm with over 2.5 million square feet under ownership and management. David Wilks and Andrew Wilks led the transaction for Spiegel.
Located in Farmingdale, Hicksville, and Oceanside, the properties range in size from 28,000 square feet to 100,000 square feet. All were constructed between 1975 and 1985 and include office space.
“Owned by the same family since its construction, the portfolio was offered for sale for the first time,” said Michael Tuccillo of Marcus & Millichap in New York City. “The mix of small bay and mid bay buildings, a product that remains in extremely limited supply, combined with a tenant roster spanning from local operators to regional and national tenants, drove significant competition. Offerings with this level of diversification and footprint simply do not come to market often. This was a rare opportunity to acquire meaningful industrial scale on Long Island in a single transaction.” Tuccillo and Anthony Cerrone of Marcus & Millichap represented the seller, Howard Katz Realty & Construction, a company started by Howard Katz, who built over a million square feet of prime industrial space on Long Island. Tuccillo and Cerrone procured the buyer, Spiegel Associates. With roots dating back to 1945, Spiegel Associates is a privately held, vertically integrated real estate investment, development, and management firm with over 2.5 million square feet under ownership and management. David Wilks and Andrew Wilks led the transaction for Spiegel.
Located in Farmingdale, Hicksville, and Oceanside, the properties range in size from 28,000 square feet to 100,000 square feet. All were constructed between 1975 and 1985 and include office space.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
