Listen to this articleAn industrial property in Ronkonkoma has traded for $2.425 million.
Cutler Industrial Sales purchased the 10,000-square-foot building on .75 acres at 22 Colt Court.
The company, a manufacturers’ representative firm that promotes products in the specialty tools and supplies, machine shop and metalworking industries, has been headquartered in Islip Terrace.
The Ronkonkoma industrial building also has about 4,000 square feet of office space. It was formerly owned and occupied by Consigli Building Group, a family-run, employee-owned construction firm.
Consigli leased 2,068 square feet of office space at 445 Broadhollow Road in Melville, where it will relocate its Long Island operations. Consigli recently acquired the New York and New Jersey operations of Lendlease, a global construction company.
Jeremy Hackett of Metro Realty Services represented Cutler, while Dan Gazzola and Chuck Tabone of Newmark represented the seller, Consigli, in the Ronkonkoma sales transaction.
“We have an 18-year history with this property, which we’ve sold four times,” Gazzola said. “It is a great value due to the quality of the building.”
Gazzola and his Newmark colleague Jordan Oliver represented Consigli, while Adam Levine served as in-house representative for the landlord, Levine Organization, in the Melville lease.
