News: Long Island

Cohen of Ashlind Properties brokers 65,000 s/f lease and two sales totaling $6.71 million

Richard Cohen, Ashlind Properties Richard Cohen, Ashlind Properties

Bohemia, NY Ashlind Properties has brokered a 65,000 s/f lease and two sales totaling $6.71 million. The deals include the following:

• Richard Cohen of Ashlind Properties represented Elm Freight Handlers in a 65,000 s/f, six-year lease at 2002 Orville Dr. The property is owned by Rechler Equity. Elm Global is a third-party logistics partner providing optimal levels of visibility and inventory control to even the most complex of logistics operations. They are a committed company to Long Island.

• Cohen represented the buyer, Aladdin Packaging, in the $4.5 million sale of 85 Engineer Rd., Hauppauge, from Rechler Equity. The facility contains 41,954 s/f. Aladdin Packaging, a high-quality flexographic printer and have been a leader in the packaging industry since 1970, needed to expand their operations.

• Cohen represented the buyer and seller in the $2.1 million sale of 180 Adams Ave., Hauppauge. Health Level One Inc. purchased the 21,285 s/f facility  from Moshe Fisher Realty. Health Level One services the nutritional supplements, natural products, vitamins and the cosmaceutical industry to provide analytical testing for purity and potency.

Synonymous with industrial real estate on Long Island, Ashlind Properties, established in 1990 and headquartered in Hauppauge, is an independent, full-service commercial real estate firm that provides a high level of specialized industrial real estate brokerage.

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