West Babylon, NY Upper Restoration, a restoration and cleaning company serving Long Island, the five boroughs of New York, New Jersey, Pennsylvania and Connecticut has purchased a 7,000 s/f warehouse at 72 Otis St. for $900,000. Upper Restoration was represented by Tommy Tsiolis of Diversified Realty LI, Inc. while Michael Freedberg of Suffolk Industrial Properties represented the 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.