Long Island industrial sites sold.A Long Island investor has purchased three industrial buildings totaling 90,000 s/f in the heart of Deer Park Deer Park. 1 Uninc. village (1990 pop. 28,840), Babylon town, Suffolk co., SE N.Y., a primarily residential suburb on Long Island. 2 City (1990 pop. 27,652), Harris co., SE Tex. , NY, in a deal arranged by the commercial real estate services firm, Sutton Sutton, outer borough (1991 pop. 164,300) of Greater London, SE England. It is mainly residential, but plastics, chemicals, radio components, and paper goods are produced. The areas of Sutton were mentioned in the Domesday Book. & Edwards Inc. /TCN Worldwide. The investor, operating through three separate limited liability companies, paid $5.4 million, or about $60 per square foot, for the buildings and 5.13 acres of land that fronts on Long Island Avenue at Evergreen evergreen, term commonly used as synonymous with conifer and applied also to all those broad-leaved plants that bear green leaves throughout the year. Of the latter, most are plants of the tropics, subtropics, and other areas where the growing season is prolonged (e. Place. The seller was Castle Harbor Associates Inc., a family owned company affiliated with the owners of Inter-County Building Materials Building materials used in the construction industry to create . These categories of materials and products are used by and construction project managers to specify the materials and methods used for . , a distributor, which leased back 30,000 s/f. The transaction closed on Nov. 1. The buildings, 915 Long Island Ave AVE Avenue AVE Average AVE Alta Velocidad Espanola (train between Madrid and Seville) AVE Alta Velocidad Española (Spanish: High Speed Train) AVE Audio Video Entertainment AVE Advertising Value Equivalent . and 18 and 20 Evergreen PI., had been unstable unstable, adj 1. not firm or fixed in one place; likely to move. 2. capable of undergoing spontaneous change. A nuclide in an unstable state is called radioactive. An atom in an unstable state is called excited. until recently, occupied by tenants paying well-below market rents under short term leases. With Sutton & Edwards working for the sellers, all but 5,000 s/f of the space was leased to existing or new tenants at significantly higher rents. "The seller was not aware of the potential value of this property, not to mention the strength of the market," said Sutton & Edwards Director Gregory M. Tannor, who along with Sutton senior director Jeffrey Schwartzberg negotiated the various transactions involving these properties. Among the new tenants are Plainview-based Aeroflex Corp., which leased 10,000 square feet for storage. The new leases include such rent pass-throughs as property insurance and common-area charges, which were not previously charged to tenants. |
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