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Lease Renewal Continues 35-Year Relationship

MELVILE, NY—Diagnostic imaging firm Fonar Corp., which has leased space with Rechler Equity Partners for 35 years, has decided the relationship will continue for at least another 11 years.

By John Jordan | Updated on October 02, 2015

MELVILE, NY—Diagnostic imaging firm Fonar Corp., which has leased space with Rechler Equity Partners for 35 years, has decided the relationship will continue for at least another 11 years.

The developer and manufacturer of MRI scanners signed an 11-year lease renewal with Rechler Equity Partners for 78,240 square feet of office space at the 110 Marcus Drive building in Melville. Fonar is the sole tenant at the building. The company houses research, fabrication, manufacturing, and warehouse operations, along with a diagnostic imaging center, as well as an office component at the building.

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