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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.