Ralph Perna Of Newmark Leases Industrial Property In Plainview To International Tool Manufacturing

The industrial property at 150 Express St in Plainview, NY, 11803 has been leased to International Tool Manufacturing. The 25,000-square-foot building on 1 acre was secured with an option to purchase included in the agreement. Ralph Perna of Newmark Knight Frank represented both the tenant and the landlord, 150 Outback Realty LLC, in this transaction.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Address: 150 Express St, Plainview, NY, 11803
• Market: Plainview
• Square Feet: 25,000
• Landlord's Representative: Ralph Perna (Newmark)
• Tenant: International Tool Manufacturing
• Landlord: 150 Outback Realty LLC

Ralph Perna, a representative of Newmark Knight Frank, played a dual role in the lease transaction of the industrial property. The reputable 32-year-old company, International Tool Manufacturing, specializes in producing a diverse range of drill bits. The inclusion of an option to purchase the property indicates a long-term commitment to the location.