Contributing to the pessimism could be the increase in number of reported coronavirus cases in the country, delays in development and obtaining permits, delays in financing, and supply shortages

Completed in late 2019, the two building, class A, Interchange 55 Logistics Park was sold by Macquarie Real Estate.

The 34-property portfolio, purchased from Welltower, comprises 27 medical office buildings and seven senior housing communities.

Despite New York City based companies looking to suburbs for cheaper office space outside dense urban areas, leasing activity for Long Island office space experienced a slowdown in the second quarter.