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BETHPAGE, NY-Northrop Grumman Corp.’s Building No. 1, a 386,000 sf mixed-use building located here was sold to Distribution Traffic Services Inc., an affiliate of E&F Trucking for more than $11 million. Mineola, NY-based law firm Forchelli, Curto, Schwartz, Mineo, Carlino & Cohn LLP completed the sale.

The sale included two leasebacks by separate Northrop Grumman business units for space totaling 183,000 sf. According to FCSMC&C Managing Partner Jeffrey D. Forchelli, the range of efforts included subdivision approvals, retaining listing brokers, assisting in the development of an RFP to market the property, and close work with environmental management in the characterization of the site for environmental conditions and subsequent remedial activities meeting State requirements. FCSMC&C has worked on behalf of client Northrop Grumman Corporation in the finalization of a number of significant transactions over the past several years, primarily in Bethpage and Calverton.

FCSMC&C Partner Brian R. Sahn explains that the firm pooled together its resources for land use and zoning, environmental, title, sales and leasing to work in a fully integrated fashion with the client’s Law, Facilities, Environmental and Corporate Real Estate Departments. They also coordinated with Northrop Grumman Corporation’s Airborne Early Warning and Electronic Warfare (AEW&EW) Systems business unit based in Bethpage and Northrop Grumman’s Integrated Systems sector business management to achieve this closing.

In addition to Sahn and Forchelli, other attorneys on the FCSMC&C team involved in the completion of the sale are Steve Gaebler, Aaron Gershonowitz and Diana Fantano.

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