CTE COMPLETES SALE-LEASEBACK OF 64,224-SQUARE-FOOT INDUSTRIAL BUILDING

RONKONKOMA, N.Y. — Corporate Transport Express (CTE) has completed the sale and subsequent leaseback of its 64,224-square-foot industrial property located in Ronkonkoma for $4.82 million. The facility is located at 845 S. 1st St.; CTE will lease approximately 30,000 square feet from the buyer, DEA Products. Richard Cohen of Ashlind Properties represented the buyer. Doug Donatelli of Metro Realty Services represented the seller. Ashlind Properties is also handling the sale of DEA's old building located in Holbrook, N.Y.