Scannell Properties acquires 138 acres in the Town of Islip

Indianapolis, IN (December 23, 2021) Scannell Properties, an international commercial real estate developer, has purchased 138 acres in Holbrook, in the Town of Islip, for future development.

The property is located near Sunrise Highway and Veterans Memorial Highway. This is Scannell Properties’ 18th development project in the state of New York.

“We will be working with the Town of Islip and the local community to determine specifics around the intended use for the property,” said Matt Boone, development manager at Scannell Properties. “Right now, we are gathering information to assist us as we prepare a plan for future development of the land.”

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Scannell Properties is a privately held real estate development and investment company that focuses on development of industrial, office, and multifamily facilities throughout the U.S., Canada and Europe. Since its inception in 1990, Scannell Properties has completed over 470 development projects totaling 130 million SF. The annual development volume is estimated at $5 Billion.

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