Uniondale, NY Wayne Edwards, partner, and Eugene Martin, senior counsel, both of Sahn Ward Braff Koblenz PLLC, represented affiliates of Ben Elias Industries Corp. in connection with the sale of 10 industrial buildings in Inwood, Nassau County, totaling 500,000 s/f near John F. Kennedy International Airport to a private investment firm.
Edwards and Martin guided the seller in closing the transaction on August 22, 2023 — less than 90 days from the execution of the purchase and sale agreement.
“Eugene and I are proud to close this significant transaction,” Edwards said. “The most fulfilling moment of the closing was how happy our client was when it closed and thanked us for our representation.”
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.