Rockland Warehouse Site Sold and Leases Signed

ORANGEBURG, NY-A two-building, 378,000-sf warehouse/distribution facility on Glenshaw Street here was the focus of a flurry of sales and leasing activity. Lord Baltimore Capital Group of Baltimore, MD sold One and Two Glenshaw St. to Rockland Realty Holding Corp. No financial details were released.

Aluf Plastics, a controlling partner of Rockland Realty, will occupy approximately 139,000 sf of space at One Glenshaw St. Nice Pak Packaging Co. has leased the remaining 61,000 sf, according to James B. Tully, first vice president of CB Richard Ellis, who represented Lord Baltimore. Rockland Realty then sold the 178,000-sf Two Glenshaw St. building to Dynorex Corp. No financial details of that deal were released either.

“It was a great opportunity for both parties, Tully says. “Lord Baltimore achieved its goal of selling the entire complex, while Rockland Holding was able to achieve its goal of ownership while offsetting its acquisition costs with the subsequent sale and leasing of the separate components of the property.”