"Since we started the development process, there hasn't been a single day where I've questioned the decision we made to go with SunCap." Steve Salvatore, Magna Automotive
"Provided a turn-key solution for planning, designing and building this facility on a virgin site and delivered within one year of ground breaking ... on time and on budget." Mike Tarulli, Senior Vice President, Corporate Real Estate, North America, HSBC Bank USA
"You assembled a great team of experts and everyone performed admirably..." Ed Bennett, Chief Administration Officer, NASCAR
"We couldn't have done it without you." Larry E. Teel, Executive Vice President, Fischer & Company
"We knew our challenges would be many, but you proved time and again that we made the right decision in our selection of developers." Ed Bennett, Chief Administration Officer, NASCAR
"We know how difficult the permitting process was but you and your team performed admirably on this build to suit development and got us in on time and on budget." Joe Marsico, Real Estate Acquisition Specialist, Fortune 500 Distribution Company
"Thank you again for you diligent efforts in finalizing our lease and building out our new regional office ... on time." Jeff Powell, Chairman and CEO, Powell Johnson
"Not only are you good at what you do, you make it fun on a day to day basis." Carole Kent, Investment Limited Partner, J.C. Bradford & Co
"I also want to thank you personally for your honesty and integrity throughout the process. In the end, you made all of us look good at NASCAR." Ed Bennett, Chief Administration Officer, NASCAR
"Has provided superior client service which has been invaluable." Kay Greenwalt, Facilities Manager, ALLTEL Information Services
"Your hands-on management of the project and your "can do" attitude were key to the success." Joe Marsico, Real Estate Acquisition Specialist, Fortune 500 Distribution Company
"You consistently delivered the quality service, teamwork, expertise, and product that one would expect from a first rate developer." Stan Ciepcielinski, CFO, Glenayre
"Has been our partner in the truest sense of the word." Jon Morris, Managing Partner, Morris, York, Williams, Surles and Brearley, LLP
"A manner that sets a standard for all client service organizations." Kay Greenwalt, Facilities Manager, ALLTEL Information Services
"Outstanding work that you and your organization did in our new corporate headquarters." Scott Ambler, CFO, RSI, Inc.
"They continue to offer us methodical, objective, comprehensive and creative solutions to our facilities requirements and we strongly endorse their service." Jeff Powell, Managing Partner, J.C. Bradford & Co.
"Willingness to be here if/when needed was a true tribute to your spoken commitment. Fear of that long distance business relationship was replaced with respect and confidence." Jim Foster, Facilities Manager, ALLTEL Wireless
"Has proven to be an invaluable asset by enabling us to achieve much greater operating efficiencies and value from our leasehold interests..." Jeff Powell, Managing Partner, J.C. Bradford & Co.

Facts

New York City, Queens, NY
Fully-automated Package Sorting Facility
Start Date: November 2011
Completion Date: March 2013

Featured Project

Distribution Center
Queens, NY

FedEx Ground awarded SunCap Property Group the development of this state-of-the-art fully automated sorting facility in September of 2011. Construction started in October 2011, and the project was delivered on time and on budget in March 2013.

The site is located on the Long Island Expressway in Queens, NY approximately 1/2 mile from the Queens Midtown Tunnel and represents a critically important distribution facility for FedEx Ground in Manhattan and other New York City surrounding boroughs.

View project video

The following represents our ability to deliver for FedEx:

Site Identification and Assemblage

With the assistance of Fischer & Company, SunCap was able to research and identify an opportunity to assemble three separate "off market" properly zoned parcels of land totaling approximately 12 acres in the tightest industrial market in the country.

Demolition

The project entailed the demolition of approximately 365,000 square feet of existing industrial buildings built in the 1950s. In addition, there were other site challenges that, amongst other things, included driving over 500 piles and the abandonment of a rail spur.

Wetlands and Bulkhead Repair

Offsite wetland mitigation and marine bulkhead repair challenges were solved.

Environmental

Significant environmental clean up and building asbestos abatement were remediated prior to construction.

Schedule

This very complicated project was also challenged by several significant weather events including Hurricane Sandy and subsequent utility servicing delays by ConEd. The project was delivered on time.

Budget

The project was delivered on budget.

Complicated Transaction Structure

The project included fee simple ownership by SunCap on a portion of the project as well as a long term ground lease and separate building lease on the other portion.