New York Real Estate Journal

Cohen of Ashlind Properties handles two industrial building deals

October 20, 2014 - Long Island
Richard Cohen, president of Ashlind Properties, has arranged two transactions involving industrial buildings opposite each other on Daniel St. At 40 Daniel St., Cohen arranged a long-term lease for 112,000 s/f for Pole Position Raceway, an indoor go-kart racing track. Cohen has long represented the building's owner CMB Wireless. Cohen also arranged the sale for $11.5 million of 215 Daniel St. by J. Breed Realty LLC. The 129,635 s/f industrial building on 6.7 acres, formerly housed Jeanne Pierre, an apparel manufacturer. The buyer, Calvert Family Holdings LLC, is an automobile finance company based Bedford, Tex., that provides auto leasing services for credit unions. Its affiliates include Fusion Auto Finance LLC, EndTrust Lease End Services, LLC and Novak Motors, which operates a lease-return center on Pacific St. in Hauppauge. Daniel St., which intersects Rte.110, a major North-South thoroughfare on Long Island, is home to a BJ's Warehouse Club store, and LA Fitness.