Unitta Exotique Woods Corp., doing business as Lumber Plus, has signed a 10-year lease for the entire 33,000-square-foot building located at 2175 5th Ave. in Ronkonkoma, New York, announced Metropolitan Realty Associates (MRA). The distributor of high-end Brazilian woods and flooring products will open its doors during the second quarter of 2024, marking the first distribution facility for Lumber Plus in New York.
Metropolitan Realty Associates acquired the property for $6.375 million in October 2022. At the time, the building was fully occupied by aircraft metals manufacturer Alken Industries with a near-term lease expiration. Following Alken Industries’ departure, MRA repositioned the asset to include 18-foot ceiling heights, a robust loading dock to floor area ratio and ample car and van parking, with more than 4,000 amps of power.
“While there was strong interest in leasing the building, MRA’s focus was on securing a full-building user committed to a long-term lease. Lumber Plus shared our vision,” said Joe Farkas, MRA CEO and founder. “The strategic decision by Lumber Plus reflects MRA’s dedication to delivering optimal solutions for tenants seeking quality existing industrial space while maximizing the potential of our real estate investments.”
The Long Island Cushman & Wakefield leasing team including Frank Frizalone, executive managing director; Nick Gallipoli, managing director; Thomas Deluca, managing director; John Giannuzzi, senior associate and Ryan Korzekwinski, associate represented the landlord and the tenant in this transaction.
