Cohen of Ashlind Properties completes 27,600 s/f industrial space sublease for Display Presentations
Richard Cohen, president of Ashlind Properties, has arranged a sublease for 27,600 s/f of industrial space for the Display Presentations division of Art Guild Inc.
Display Presentations, a full-service exhibition and event-marketing firm, sublet the space—the entire building—at 104 Parkway Dr. S. for five years from NY Tent Co, a planner of tented events based in Bohemia.
Display Presentations, with 45 employees, currently operates at 175 Kennedy Dr., which was sold last year. Art Guild is based in W. Deptford, N.J.
Cohen, who last year completed transactions totaling more than 1.5 million s/f, represented both Art Guild and NY Tent in arranging the lease. The subleased property is owned by Rechler Equity Partners, of Plainview.
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