News: Long Island

Hunt of Hunt Corp. reps buyer in $2.845 million sale; Schachner of Sperry Van Ness Realty reps seller

David Hunt,
Hunt Corp.

 

Aric Schachner,
Sperry Van Ness Realty

 

Plainview, NY According to Hunt Corporate Services, Inc., Anton-Cerrone Associates has purchased the 20,200 s/f industrial building located at 205 Express St. for $2.845 million.  Aric Schachner of Sperry Van Ness Realty represented the seller. David Hunt of Hunt represented the buyer.

The 20,200 s/f flex building is located off the Long Island Expressway on 1.49 acres. “This is a perfect addition to Anton-Cerrone’s portfolio of more than 700,000 s/f of industrial space throughout Nassau and Suffolk Counties. The portfolio stretches from Port Washington to Ronkonkoma, but at least six of their buildings are located within one mile. A unique feature of this property is the extra land, which allows the development of a high percentage of office or research and development space,” said Hunt. “Anton-Cerrone plans a complete renovation of the exterior and interior of the building, and it will be available for new tenancy by the end of this year.”

205 Express Street - Plainview, NY

 

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.