NEW YORK CITY- Long Island firm Winona Realty Ventures of Huntington, NY has closed on its purchase of 7.5 acres of undeveloped land in North Amityville’s New Horizons Planned Industrial Park. Now that the deal is done, Winona is moving ahead with plans to build and lease a 135,000-sf industrial/R&D facility on the property.

Insignia/ESG represented West Babylon-based seller Stellex Monitor Aerospace in the transaction, and I/ESG has also been retained to market the planned facility. Insignia Senior Managing Director Ed Fitzsimons and Associate Dan Oliver are handling the assignment.

“This is the jewel of Babylon,” Fitzsimons says. “It is one of the last vacant available parcels of land in the New Horizons P.I.P.” Preliminary studies and architectural work have already been done for the property, he adds. The purchase price of the land has not been disclosed.

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