(Read more on the industrial market.)
WESTBURY, NY-Time Equities Inc., a New York City-based company,has purchased a 16-acre site along Cantiague Rock Road here for$34.5 million. The portfolio consists of 312,000 sf in fourbuildings and was sold by John Hassel Inc.
TEI has added three 100,000-sf industrial buildings and one12,000-sf retail building to its holdings with this transaction.Two of the three industrial buildings are fully occupied, with theformer owner occupying one and Brinkman Instruments Inc. occupyingthe other. The third building, which formerly housed Nabisco, iscompletely vacant. The retail building houses a veterinaryclinic.
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