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JLL Arranges Sale of Nonprofit’s HQ and Purchase of New One
A JLL team led by executive managing director Frank Recine completed two transactions on behalf of The Arc Rockland: the $6.5-million sale of the company’s headquarters in Congers, NY, and the $2.75-million acquisition of an office property in Valley Cottage, NY.
As part of a larger rationalization of its real estate portfolio, The Arc Rockland—a nonprofit serving children and adults with developmental and intellectual disabilities—sold the 81,780-square-foot office/flex building on 7.52 acres at 25 Hemlock Dr. in Congers to Portables Unlimited, Inc. It then acquired the 20,200-square-foot 210 Rte. 303 in Valley Cottage from Five Great Kids LLC.
JLL represented The Arc Rockland in both transactions. Paul Adler, chief strategy officer/RE and an associate broker with Rand Commercial, represented Five Great Kids LLC in the sale of 210 Rte. 303. Portables Unlimited was represented in-house in the sale of 25 Hemlock Dr.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
- ◦Sale/Acquisition
