Farmingdale, NY Tommy Tsiolis of Diversified Realty LI, Inc. was the sole broker in the sale of 1 Adams Blvd.
The 98,000 s/f building is on 4.35 acres with 11 docks and six drive-in bays. The buyer was One Adams Owner LLC. The sale price was not disclosed.
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.