Hauppauge, NY According to Ralph Perna, executive managing director of Newmark Knight Frank, American Regional Health has purchased 45 Adams Ave. for $4 million. The seller was Forest Labs/Allergan Pharmaceutical. The 28,000 s/f industrial property is situated on 2.03 acres. The buyer will be manufacturing nutraceticals (vitamins) in the new facility. Perna represented the buyer and seller.
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.