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135,000-SF R&D Facility Planned for 7.5-Acre LI Industrial Park Site

NEW YORK CITY-Huntington, Long Island-based Winona Realty Ventures closes on the land, located within the New Horizons Planned Industrial Park, and now plans to develop it. Insignia/ESG, which brokered for the seller, has been hired to market the planned building.

By Glen Thompson | Updated on October 28, 2002

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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