News: Long Island

Hunt Corporate Services handles two leases totaling 29,076 s/f

Hunt Corporate Services, Inc. has arranged two leases totaling 29,076 s/f on Long Island. In the first deal, Allcare Medical leased an additional 12,076 s/f at 125 Newtown Rd. David Hunt, president of Hunt Corp., represented the landlord, Anton Cerrone Associates. The tenant represented themselves. Allcare Medical, a division of Passaic Healthcare Services, LLC, is a full service durable medical equipment (DME) company specializing in clinical respiratory, wound care and support surfaces. Allcare Medical employs over 200 associates with seven locations in New Jersey, New York and Pennsylvania and is using the additional space for executive and sales offices. "Since Allcare Medical is in a major growth mode, we were fortunate to have a vacant suite next to their present suite in Plainview. It nicely met their requirements for additional space and saved them from completely relocating their offices and warehouse," said Hunt. "The landlord custom built the new offices and warehouse to Allcare Medical specifications." The second deal was Max USA Corp., renewing their lease of a 17,000 s/f industrial building at 257 East Second St. in Mineola. Hunt represented the landlord Great Neck Saw Manufacturers, Inc. Max USA is the distribution arm in North, Central and South America of Max CO. LTD which is headquartered in Tokyo, Japan. Max is an international manufacturer of construction tools and office products.
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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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The evolving relationship of environmental  consultants and the lending community - by Chuck Merritt

The evolving relationship of environmental consultants and the lending community - by Chuck Merritt

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.