Farmingdale, NY Precision Pharmacy purchased a 10,000 s/f industrial building on 0.50 acres at 69 Allen Blvd. for $1.695 million. Gary Chimeri of Alliance Real Estate represented the buyer, while Mario Asaro, SIOR, of Industry One Realty Corp. represented the seller, I N Credible Properties.
Industry One was founded in 1985 by Bernie Steinberg and Henry Proto. In 2009, Asaro took the helm and has since tripled the size of the firm.
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.