Real Estate Weekly
Image default
Deals & Dealmakers

Generic drug giant eyes consolidation at Rechler warehouse space

The Town of Brookhaven Industrial Development Agency (IDA) has accepted an economic incentives application from Amneal Pharmaceuticals that will allow the drug maker to lease 84,000 s/f of warehouse space in Yaphank.

Amneal, the fifth largest manufacturer of generic drugs in the US, currently operates from a 410,000 s/f building at 50 Horseblock Road in Yaphank and sites in Hauppauge and Commack.

It plans to convert warehouse space in the new building to manufacturing and research, and move its warehouse operations as well as those in Commack, which is closing, to the new space it will lease from Rechler Equities at 19 Nicholas Drive in Yaphank. Anneal also plans to transfer some manufacturing to Brookhaven from its plant in Hayward, Calif.

Related posts

Simone wins bid for Bronx site

REW Staff

Cushman & Wakefield to lease Midtown South buildings

REW

Gutsy moves put New York newcomer Faisal Ashraf on track for 2018 growth spurt

Kyle Campbell