News: Long Island

Buckley of Endeavor Real Estate brokers
sale of 86,000 s/f industrial property

105 Elmore Drive - Rochester, NY

Rochester, NY Endeavor Real Estate Group negotiated the sale of 105 Elmore Dr., an 86,000 s/f industrial property. Endeavor’s managing principal James Buckley facilitated the transaction on behalf of the purchaser and seller.

“We continue to see robust demand for industrial product across the northeast — even during a period of significant interest rate volatility, activity in the sector has remained consistent,” said Buckley.

The property, last asking $6.1 million, features a floor plan suited for warehousing and distribution operations, while offering eight loading docks and 40 ft. clear height.

The purchaser, a manufacturer in the healthcare industry and partner to pharmaceutical, biotech and medtech companies with over 40 locations worldwide, will be utilizing the facility to offer complete manufacturing solutions and a wide range of high-quality custom components and assemblies including end-to-end OEM products to the life sciences industry.

MORE FROM Long Island

Suffolk County IDA supports expansion of A&Z Pharmaceuticals

Hauppauge, NY The Suffolk County Industrial Development Agency (IDA) has granted preliminary approval of a financial incentive package that will assist a manufacturer in expanding its business by manufacturing more prescription (Rx) pharmaceuticals in addition to its existing over-the-counter
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The evolving relationship of environmental  consultants and the lending community - by Chuck Merritt

The evolving relationship of environmental consultants and the lending community - by Chuck Merritt

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.