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Deals & Dealmakers

Cohen takes Pole Position in Farmingdale

Richard Cohen, president of Ashlind Properties, has arranged two transactions involving industrial buildings virtually opposite each other on Daniel Street in East Farmingdale, New York.

At 40 Daniel St., Cohen arranged a long-term lease for 112,000 s/f for Pole Position Raceway, an indoor go-kart racing track, which recently opened. Cohen has long represented the building’s owner CMB Wireless.

Richard Cohen
Richard Cohen

Cohen also arranged the sale for $11.5 million of 215 Daniel Street by J. Breed Realty LLC.

The 129,635 s/f industrial building on 6.7 acres, formerly housed Jeanne Pierre, an apparel manufacturer. The buyer, Calvert Family Holdings LLC, is an automobile finance company based Bedford, Texas, that provides auto leasing services for credit unions.

Its affiliates include Fusion Auto Finance LLC, EndTrust Lease End Services, LLC and Novak Motors, which operates a lease-return center on Pacific Street in Hauppauge, New York.

Daniel Street, which intersects Route 110 on Long Island, is home to a BJ’s Warehouse Club.

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