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Leases

Medical publisher leases 57,000 s/f building

BEB Capital has leased the entire 57,000 s/f industrial building at 55 Harbor Park Drive in Port Washington to The Mekkatti Group, which designs and prints pharmaceutical and cosmetic packaging and the miniature folded leaflets that provide product information.

Under terms of a 10-year-lease, The Mekkatti Group is relocating from a smaller facility on Andrews Road, just off Jericho Turnpike, in nearby Mineola, NY.

Daniel Oliver and Daniel Marcus of Newmark Knight Frank represented BEB Capital in the transaction; David Rotter of Metro Realty Services represented the tenant.

The Mekkatti Group anticipates adding about 50 employees to its current Nassau County roster of 26 over the next two years. The decade-old company also has a manufacturing facility in Windsor, NJ.

LEE BRODSKY

In welcoming The Mekkatti Group, BEB Capital CEO Lee Brodsky extended thanks to Town of North Hempstead officials, who he said helped to facilitate the move by “enabling timely capital improvements required to accommodate the new tenant. Their cooperation helped to keep a growing business and the important jobs it will add right here in North Hempstead.”

Subin Varghese, CEO of The Mekkatti Group, said the move to Harbor Park Drive “provides the company with an efficient, modern, state-of-the-art facility perfectly suited to our upcoming business expansion. We are very pleased with our new corporate home, and partner BEB Capital.”

BEB Capital acquired 55 Harbor Park Drive last year and quickly began a multimillion-dollar upgrade that included improvements to the 37-year-old property’s power and technology infrastructure.

“Our objective was to prepare this very-well-situated building to accommodate virtually any high-end use in today’s marketplace,” says Brodsky. “Its 26-foot-high ceilings, five loading docks and proximity to transportation make it ideal for both manufacturing and distribution.”

BEB owns three other properties in the same industrial corridor, including 26 Harbor Park Drive, where the company is headquartered, and numbers 8 and 12 Harbor Park Drive.

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