News: Long Island

Hunt of Hunt Corp. represents landlord in 11,462 s/f lease at 50 Seaview Blvd.

According to Hunt Corporate Services, Inc., Champion Vending has leased 11,462 s/f at 50 Seaview Blvd. David Hunt of Hunt represented the landlord, Anton Cerrone Associates in the lease negotiations. Nick Cangemi of Newmark Grubb Knight Frank represented the tenant. Champion Vending Service, headquartered in Brooklyn, is independently owned and operated and is a provider of refreshment services including vending machines, manual food service, and office coffee service in the Eastern United States. "Champion leased the space as an additional warehouse and distribution point," said Hunt, president of Hunt. "Champion Vending is an exclusive vendor to schools, state parks, and major companies, offering 24/7 service and support. One of the reasons they can offer such quick response is their multiple service centers, such as this new one in Port Washington. The building is located less than six minutes from the Long Island Expressway." The 31,500 s/f "flex" building in Port Washington, NY is located in the Seaview Office & Industrial Park, minutes from the Long Island Expressway. The building features modern exteriors and landscaping, sewers, gas heating and is fully sprinklered. The leased space consists of 2,000 s/f of office space, an 18' warehouse ceiling, one loading dock and one drive-in.
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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.