News: Long Island

Delisle and Nicholson of Island Associates sell 1.5 acres for $2.35m

Roger Delisle and Chris Nicholson of Island Associates brokers 1.5 acres (60,000 s/f) of J 2 zoning to Commerce Bank in Ronkonkoma on Portion Rd. Commerce plans to construct an approximately 4,000 s/f building with 3 drive-thru's. The property is located at 474 Portion Rd., opposite the New Stop & Shop. This was a dilatory approval process involving multiple meetings with the town and civics during a 34 month process, this application encountered opposition from local civics opposing the development of this parcel. The property was opposed to development from the local civics, contributing to delaying the approval process in the town of Brookhaven. The sale of the land was $2.35 million. Commerce Bank intends to commence work at this site within the next three months.
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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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