(To read more on the industrial market, click here.)

HAUPPAUGE, NY-Huttig Building Products has inked the largest industrial transaction so far this year on Long Island. The firm will open a northeast distribution center in 125,000 sf of space at Rechler Equities' 110 Plant Ave. here.

The company distributes millwork, building materials and wood products used principally in new residential construction, home improvement, remodeling and repair work. Michael A. Lupo, president and CEO of Huttig, says the board approved the move in May and that it will provide several economic and strategic benefits. "Long Island and New York City have approximately 27,000 housing starts per year, and there is a strong market for repair and remodeling "In addition to serving both Nassau and Suffolk counties on Long Island, this branch will expand Huttig's presence in all five boroughs of New York City and the tristate area. The firm has other facilities in Newington, CT and Albany.

This decision is part of Huttig's plan to expand product offerings and geographically enter new markets. The company currently has 45 distribution centers throughout the country serving 47 states.

Continue Reading for Free

Register and gain access to:

  • 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.