News: Long Island

Hunt of Hunt Corp. arranges 15,410 s/f lease renewal for Transtar Industries; Godfrey of CBRE reps tenant

According to Hunt Corporate Services, Inc, Transtar Industries, Inc. has renewed their lease of 15,410 s/f at 125 Newtown Rd. David Hunt, president of Hunt, represented the landlord, Anton-Cerrone Associates, in the lease negotiations. David Godfrey of CBRE represented the tenant. Transtar Industries, headquartered in Cleveland, Ohio, is a worldwide distributor of a line of automatic and standard transmission rebuilder kits, torque converters, electrical products, hard parts, specialty tools and service items, and other driveline products. "We are pleased that Transtar chose to renew with us," said Hunt. "Plainview is an ideal location for a warehouse and distribution hub on Long Island and this location has served their needs for many years." Hunt Corporate Services, Inc. specializes in exclusively representing clients for the acquisition or disposition of commercial real estate. Hunt Construction Services, Inc. provides general contracting, construction management and maintenance services for Long Island companies. For further information, contact Lil Pavone at (516)937-1000 or [email protected]. Full information on the firm and its clients can be found at www.huntcorp.com and www.huntcsi.com. XXX
MORE FROM Long Island

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
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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.