Perna of Newmark Grubb Knight Frank closes two sales - $18.5 million

Hauppauge, NY Ralph Perna, executive managing director of Newmark Grubb Knight Frank (NGKF) has completed two sales totaling $18.5 million.

The first sale was of 155 Commerce Dr. for $13 million. The 110,000 s/f property was sold to a pharmaceutical manufacturing company based in India, and will be used for generic manufacturing. The set up cost will exceed $10 million and the building will go on line in 18 months. Perna was the sole broker in this transaction. 

The second deal was for 75 Modular Dr., Commack, purchased by Alife from Queens. The new owner is a distributor of raw materials for the nutra pharmaceutical industry. Phil Shwom, president and principal of Shacker Real Estate, represented the buyer of the 60,000 s/f building, which sold for $5.5 million. Perna represented the seller. 

NGKF’s Long Island office opened in 2000, and is led by SIOR designated real estate expert Charles Tabone. Through the addition of the top professionals in the region, NGKF’s Long Island office has grown, and today stands as one of the area’s premier full service real estate advisory firms.