New Real Estate Transactions

Long Island, NY, April 3, 2003 -- Tom Attivissimo of Greiner-Maltz of L.I. arranged a tax-deferred exchange for Wales Darby and Testing Machines. Tom represented both parties in this unique transaction. Both parties were the beneficiaries of Tom's expertise. They each exchanged equity--Testing Machines generated cash to buy out partners and Wales Darby needed more depreciation by increasing their tax basis. This was the perfect tax-deferred scenario where Wales Darby purchased 2910 Express Drive North, Islandia (27,000 square foot building) and Testing Machines purchased 2 Fleetwood Court, Ronkonkoma (15,000 square foot building). The aggregate transaction value was over $4,000,000.

He also rented medical space for one of Long Island's largest landlords, The Tilles Organization, to Doctors Horlick and Cavallo at 175 Froelich Farm Road. This conveniently located medical facility allows the doctors to expand their current practice and keep their existing patients.

Tom sold 8 Engineers Road, Farmingdale for Brandywine Realty to Casters, Wheels & Industrial Handling. Tom represented both Buyer and Seller. The 15,000 square foot building needed a complete refurbishing. With over 4,000 square feet of new offices and a new facade, the aggregate deal was over $1.1 million.

He also sold 175 Orville Drive, Bohemia for owner Lewis Doom to Reid Interntional. Tom represented both the Buyer and Seller. This 9,000 square foot facility, with the entire land, suited the chemical manufacturer's current and future expansion.

Additional deals made by Tom Attivissimo include the following:

The sale of a 10,400 sq. ft. building at 980 South Second Street, Ronkonkoma, to Rochem. Tom was the exclusive broker for the building.

He successfully sold another of his exclusives at 19 Jefryn Boulevard West, Deer Park. This is a 23,600 sq. ft. building.

He leased the 25,000 sq. ft. building at 120 Hoffman Lane, Central Islip to Premium Processing. Tom was the exclusive broker for the sale of the building.

Thomas Attivissimo, CCIM, RECS
Senior Director ext. 144

About Greiner-Maltz
Since 1953 Greiner-Maltz has been engaged exclusively in the leasing, selling, appraising and managing of industrial, commercial, and investment property in Manhattan, Brooklyn, Queens, Long Island, New Jersey, Westchester, and Connecticut. The firms five offices are actively managed by Principals: John Maltz and Sharone Levy in Brooklyn and Queens; Swain Weiner, metro area investments; Tom Attivissimo in Long Island, Raymond Musalo in New Jersey, and Ayall Schanzer in Westchester.