C&W completes $8M transaction.Cushman Cushman is a manufacturer of industrial vehicles, personal vehicles, and other custom vehicles, including parking patrol auto rickshaws. Models Haulster (Small industrial multi-purpose truck) Bellhop Series (Golf Carts) Tug(Large Truck) & Wakefield Wakefield, estate, United States Wakefield, family estate of George Washington, on the Potomac River, E Va.; part of the George Washington Birthplace National Monument (see National Parks and Monuments, table). announced the completion of the $7.9 million sale of 12.46 acres of land in Melville on behalf of Underwriters Laboratories Underwriters Laboratories Inc. is a U.S. not-for-profit, privately owned and operated product safety testing and certification organization. Based in Northbrook, Illinois, UL develops standards and test procedures for products, materials, components, assemblies, tools and Inc. The purchaser was Air Techniques, Inc., a Hicksville Hicksville, uninc. city (1990 pop. 40,174), Nassau co., SE N.Y., on Long Island; founded 1648. It is chiefly residential, with electronic and metal products manufacturing and some nearby truck farming. Hicksville also has a major retail shopping complex. , NY-based manufacturer and distributor of products for the dental market. The company intends to use the site to build a 200,000 square foot high-end office and industrial facility that would employ more than 300 people and be used for marketing and training as well as for distribution purposes. Air Techniques hired The Marcus Organization for the construction of the new facility. Ted Stratigos, senior director and Jason Forte, associate director, of Cushman & Wakefield of Long Island represented Underwriters Labs in the disposition of the land and the procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. of the purchaser. "The offering attracted significant interest and multiple offers," said Mr. Stratigos. "The site is ideal for Air Techniques because it offers a highly attractive combination of location, size, and long term value." Underwriters Labs, the global product compliance company, purchased the land in 1996 because of its adjacent proximity to their Long Island headquarters. |
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