Time Equities Takes 16 Acres for $35M

(Read more on the industrial market.)

WESTBURY, NY-Time Equities Inc., a New York City-based company, has purchased a 16-acre site along Cantiague Rock Road here for $34.5 million. The portfolio consists of 312,000 sf in four buildings and was sold by John Hassel Inc.

TEI has added three 100,000-sf industrial buildings and one 12,000-sf retail building to its holdings with this transaction. Two of the three industrial buildings are fully occupied, with the former owner occupying one and Brinkman Instruments Inc. occupying the other. The third building, which formerly housed Nabisco, is completely vacant. The retail building houses a veterinary clinic.