Quogue, New York, September 20, 2025
News Summary
A 19-acre development at 8 Midhampton Ave., Quogue, has secured a $47.8 million construction loan to advance Quogue Business Park. The project includes two multi-tenant industrial buildings and a two-story, 82,200 sq ft self-storage facility. Industrial buildings offer flexible bays down to 5,000 sq ft with individual loading docks and drive-in doors. About 7.6 acres on the east side will be landscaped with native plantings to meet environmental guidelines. The financing covers grading, utilities, shells and tenant fit-outs, and construction is already underway with completion expected in the third quarter.
Quogue Business Park wins $47.8 million construction loan for 19‑acre industrial and self‑storage project
By David Winzelberg — September 19, 2025
A three‑building project in Quogue secured a $47.8 million construction loan to move forward on a 19‑acre site at 8 Midhampton Ave. The financing, part of a roughly $60 million total project budget, was arranged by JLL Capital Markets and provided through Affinius Capital and Axonic Capital. The deal was led by JLL team members Scott Aiese and Alex Staikos.
Construction began several months before the financing announcement and the development team expects to complete the work in the third quarter of 2026. The ownership partnership for the site is made up of The Renatus Group of Port Chester and Manhattan‑based Declaration Partners.
Project scope and layout
The project, named Quogue Business Park, will include two shallow‑bay multi‑tenant industrial buildings and a two‑story self‑storage facility. The industrial buildings are sized at 65,500 square feet and 60,000 square feet. The self‑storage building will total 82,200 square feet.
Site planning places the industrial buildings on the western portion of the property, while the eastern portion — approximately 7.6 acres — will be set aside for landscaping. Those landscaped areas will use native plantings to meet local review standards, including requirements from the Village of Quogue and the Pine Barrens Commission.
Design and tenant access
The industrial buildings are designed as shallow bay units to support a range of occupiers. The project will accommodate users as small as 5,000 square feet, and each tenant space can be built out with its own loading dock and a drive‑in door. The design emphasizes parking and vehicle access to support small business operations and flexible logistics uses. The self‑storage component is intended to serve both residents and local businesses seeking flexible storage options.
Team and consultants
Architectural and engineering services on the project are provided by a team that includes bld Architecture (Patchogue), Frank G. Relf Architect (Melville) and R&M Engineering (Huntington). Renderings supplied with the project materials were credited to JLL / bld Architecture.
Financing context
The construction financing was arranged by JLL Capital Markets professionals Scott Aiese and Alex Staikos and secured through institutional lenders Affinius Capital and Axonic Capital. The construction loan covers a substantial portion of the project’s cost as developers and lenders move forward while building work is already underway.
Schedule and outlook
With ground work already started a few months prior to the financing announcement, the project team is targeting substantial completion in the third quarter of 2026. The combination of industrial space sized for small to mid‑sized tenants and a large self‑storage facility is positioned to meet local demand for flexible workspace, storage and light industrial services in the Hamptons region.
Local compliance and landscaping
The eastern parcel’s 7.6 acres of landscaping will use regionally appropriate native plantings to comply with both village standards and Pine Barrens Commission rules. That work will be part of site permitting and long‑term environmental mitigation measures aimed at minimizing visual and ecological impacts.
Project at a glance
Key facts for quick reference: the development includes three buildings (two industrial, one storage), a 19‑acre site at 8 Midhampton Ave, a $47.8 million construction loan, and an expected completion in Q3 2026. The ownership team is The Renatus Group and Declaration Partners, with design and engineering support from bld Architecture, Frank G. Relf Architect and R&M Engineering.
FAQ
What is the loan amount and who provided it?
The construction loan is $47.8 million. Financing was arranged by JLL Capital Markets and provided through Affinius Capital and Axonic Capital.
Where is the project located?
The site is at 8 Midhampton Ave on a 19‑acre parcel in Quogue.
Who is developing the project?
The development partnership is between The Renatus Group and Declaration Partners.
What buildings will be constructed?
Two shallow‑bay multi‑tenant industrial buildings (65,500 sq ft and 60,000 sq ft) and a two‑story self‑storage building (82,200 sq ft).
When will the project be completed?
Construction began a few months before the September 19, 2025 announcement, with an expected completion in Q3 2026.
How will the site be landscaped?
About 7.6 acres on the eastern portion will be planted with native species to meet Village of Quogue and Pine Barrens Commission standards.
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Key project features
| Feature | Detail |
|---|---|
| Project name | Quogue Business Park |
| Loan amount | $47.8 million |
| Total project cost | $60 million |
| Site size | 19 acres (8 Midhampton Ave) |
| Buildings | 65,500 sq ft industrial; 60,000 sq ft industrial; 82,200 sq ft two‑story self‑storage |
| Minimum unit size | 5,000 sq ft |
| Tenant access | Individual loading docks and drive‑in doors available per tenant |
| Landscaping | 7.6 acres of native plantings to meet local and Pine Barrens standards |
| Developers | The Renatus Group; Declaration Partners |
| Design & engineering | bld Architecture; Frank G. Relf Architect; R&M Engineering |
| Rendering credit | JLL / bld Architecture |
| Expected completion | Q3 2026 |
Deeper Dive: News & Info About This Topic
Additional Resources
- Long Island Business News: Quogue Business Park secures $47.8M construction loan
- Wikipedia: Commercial real estate
- Long Island Business News: Crest Group secures $24M loan for townhome project
- Google Search: Quogue Business Park construction loan
- Nantucket Current: Shipwreck Lifesaving Museum supporting nearby maritime museums
- Google Scholar: self-storage facility environmental impact
- Long Island Business News: Quogue Business Park (project overview & renderings)
- Encyclopedia Britannica: industrial park
- Long Island Business News: financing trends in local development (Crest Group example)
- Google News: Quogue Business Park
Author: Construction TX News
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