Holtsville, NY Ralph Perna, executive managing director of Newmark Grubb Knight Frank (NGKF), has brokered two sales totaling $5 million and two leases totaling 68,000 s/f. The deals include:
• Harvest Bakeries purchased a 24,000 s/f property on five acres at 865 Waverly Ave., Holtsville for $2.8 million. Harvest manufactures muffins and cakes for distribution. Perna represented the buyer and seller.
• Berk Lombardo is moving from Brooklyn to 50 Constance Ct., Hauppauge. The tenant signed a 33,000 s/f long-term lease that will be used for food processing. Perna represented the buyer and seller.
• Ultra Thin is moving from Garden City to 153 East Industry Ct., Deer Park, and purchased a 24,000 s/f building for $2.2 million. Ultra Thin manufactures thin sliced pizza for restaurants throughout the U.S. Perna represented Ulta Thin and Bob Desmond of AIRCO represented the seller.
• H & M U S A is moving from Plainview to 80 Gordon Dr., Syosset. The tenant has leased a 35,000 s/f high ceiling building. They distribute the raw materials to nutra pharmaceutical companies. Perna represented the buyer and seller.
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.