News: Long Island

Ashlind Properties completes 8 transactions totaling 261,890 s/f

Ashlind Properties has completed 8 transactions totaling 261,890 s/f on Long Island. Air Industries, a publicly traded company, doubling its Long Island footprint worked with Ashlind Properties to consummate a long-term sublease transaction for 81,000 s/f located at 110 Plant Ave., Hauppauge. (Rechler Equity owned building). The transaction involved a sublease from Huttig Building Products. Ashlind Properties negotiated a three year lease extension for 54,890 s/f warehouse space for Display Presentation at 150 Engineers Rd., Hauppauge. (Rechler Equity owned building). Ashlind Properties has completed a sales transaction for DiFazio Associates' 20,000 s/f office/R&D facility located at 580 Old Willets Path, Hauppauge, to ASR Management & Technical Services. The facility will handle its growing Support Services throughout the world to Commercial Industry and Government Agencies. Ashlind Properties negotiated a lease for 8,500 s/f located at 135 Fell Court, Hauppauge, for Source One Packaging, a rapidly growing company. Ashlind Properties negotiated a lease for 30,000 s/f located at 35 Marcus Blvd., Hauppauge, for Display Presentation in its ever growing thirst for warehouse space. In addition Ashlind Properties negotiated an additional 5,000 s/f rental for Corwood Labs at 35 Marcus Blvd. Representing Gold Glass Group a manufacturer of automotive glass products Richard Cohen of Ashlind Properties consummated a lease for a new 45,000 s/f facility located at 545 Johnson Ave., Bohemia, N.Y. (Aerotech Industrial LLC property) VAO Realty Inc. Investors also turned to Ashlind Properties for the sales transaction of its 17,500 s/f building at 75 Burt Dr., Deer Park, N.Y. to East Coast Orthotic & Prosthetic Corp.
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Suffolk County IDA supports expansion of A&Z Pharmaceuticals

Hauppauge, NY The Suffolk County Industrial Development Agency (IDA) has granted preliminary approval of a financial incentive package that will assist a manufacturer in expanding its business by manufacturing more prescription (Rx) pharmaceuticals in addition to its existing over-the-counter
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Columns and Thought Leadership
The evolving relationship of environmental  consultants and the lending community - by Chuck Merritt

The evolving relationship of environmental consultants and the lending community - by Chuck Merritt

When Environmental Site Assessments (ESA) were first part of commercial real estate risk management, it was the lenders driving this requirement. When a borrower wanted a loan on a property, banks would utilize a list of “Approved Consultants” to order the report on both refinances and purchases.