News: Long Island

Hunt Corporate Services brokers 25,596 s/f industrial building sale

Plainview, NY According to Hunt Corporate Services, Inc., Long Island Forum for Technology, Inc. (LIFT) sold a 25,596 s/f industrial building located at 121 Express St. David Hunt of Hunt Corporate Services exclusively represented LIFT in the sale. The buyer, Anton-Cerrone Associates, was self-represented. The sale price was $4.75 million.

Hunt, who now represents Anton-Cerrone as their exclusive leasing agent, said, “The building is perfect for a multitude of high-technology firms. It has a 20’ clear height, a very heavy electrical service, extensive office and engineering areas, very generous parking, and is fully air-conditioned. The building is divisible, and tenant suites can be modified and finished to suit. Renovations, including completely new paving, are now underway.”

Long Island Forum for Technology, Inc., LIFT, is a not-for-profit organization providing Long Island businesses with hands-on assistance and a wide range of programs to lower the cost of operations and increase growth by applying technology and proven process methodologies in manufacturing, marketing, and product development. Composite Prototype Center, sponsored by LIFT, occupied the building prior to the sale.

Hunt Corporate Services, Inc. specializes in the rental, sale and valuation of industrial and commercial real estate throughout the United States, primarily on Long Island, New York, since 1973.

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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.