July 28, 2010
LNK ACQUIRES VACANT LONG ISLAND INDUSTRIAL BUILDING
LNK International has purchased a 93,000-square-foot industrial building located at 55 Arkay Drive in Hauppauge, N.Y. HAUPPAUGE, N.Y. — LNK International has acquired a 93,000-square-foot industrial building located at 55 Arkay Drive in Hauppauge for approximately $8 million. The vacant facility was formerly leased to Corwood Laboratories, which ceased business in December following a Chapter 7 bankruptcy filing. LNK plans to use the building to expand its manufacturing and warehousing operations. The property features 40,000 square feet of air-conditioned manufacturing space, 3,000 square feet of office space, ceiling heights that range from 20 to 40 feet and five loading docks. Richard Cohen of Ashlind Properties represented LNK as well as the seller, Lori-Lynn Realty LLC, which is affiliated with Corwood.
LEGO TO EXPAND NORTH AMERICAN HEADQUARTERS IN CONN.
ENFIELD, CONN. — LEGO plans to expand its North American headquarters in Enfield. The Danish toy maker will build an additional 80,000 square feet within Enfield Business Park that will house direct-to-consumer retail operations, finance operations, consumer services and facilities management. The new space will also feature an indoor atrium/garden and a gathering place for meals, meetings and social functions. Construction will begin in the coming weeks and be complete by March 2011. LEGO has used Enfield Business Park as its North American headquarters for the past 35 years. Up until a few years ago, the park also housed the company's manufacturing and distribution operations, which have since moved overseas.
SPRINGHILL SUITES TO BE BUILT IN LATROBE
LATROBE, PA. — A joint venture between Palmer Hospitality, Concord Hospitality and Keith McGraw has announced plans to develop a new Springhill Suites hotel in Latrobe. The four-story building will have 109 suites and will be located near the intersection of routes 30 and 981. It is directly across from Kennametal Inc., the area's largest employer, and within a short distance from Latrobe Country Club, the home course of Palmer's Hospitality's owner, Arnold Palmer. The building is being designed for LEED certification. Construction will begin in December, and completion is expected by the end of 2011.