On-demand pharmacy chain, Alto Pharmacy, has leased a 10,000 s/f distribution hub on Long Island as the company continues its expansion into the New York market.
Hunt Corporate Services’ David Hunt represented landlord Anton Cerrone Associates in the lease at 245 Newtown Road, Plainview (pictured top). Matt Manoogian of CBRE represented the tenant.
“Alto is a commercial pharmacy that offers a same-day delivery service. A location close to the Long Island Expressway was a key criterion for the ease of access for their drivers. Our building offers exactly that since it is located on the South Service Road of the LI Expressway,” said Hunt.
“Construction is underway, and the tenant will be taking occupancy later this year. This location in Plainview will serve as a distribution center for all of Long Island.”
Founded in San Francisco in 2015, Alto is an on-demand pharmacy offering patients free same-day prescription delivery, cost transparency, and pharmacist access. It has raised $354 in funding from investors including Softbank and Greenoaks Capital that has helped it expand its total coverage area to more than 36 million people.
Instead of visiting traditional brick-and-mortar pharmacies to pick up medications, Alto customers work with pharmacists on the phone or in the app and schedule same-day delivery of medication right to their home or office. Alto customers can also see medication price comparisons, manage their medications within the app, and connect directly with a pharmacist to ask questions about prescription instructions or side effects.
Over the last year, Alto has begun offering enhanced expertise in complex therapeutic areas including diabetes, heart and lung health, fertility, and care for those living with HIV.
A single Alto distribution location covers the same geographic area as about 400 chain pharmacy locations with its free same-day delivery service.
“We’ve continued to develop our service and technology to improve the pharmacy experience for millions of new customers, finding even faster, easier, and more affordable ways to get medicine into the hands of patients in need,” said Matt Gamache-Asselin, CEO of Alto.
“We’re excited to expand our national footprint, increasing our ability to bring lower cost prescriptions, high-quality expert care, and easy-to-access treatment to more people.”
