Brentwood, NY Leo Farrell, managing principal of Coldwell Banker Commercial Island Corporate Services has completed a 4.53-acre land sale at Grand Blvd. and Rte.111. Farrell represented the landlord, Farber Industrial, LLC, and the purchaser, Inglesia Palabra MIEL Church Long Island. The sales price was not disclosed.
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.