August 29, 2024 – Plainview, NY – Hunt Corporate Services, Inc. (Plainview) announced today that Great Neck Saw (Mineola) has sold one of their industrial buildings, located at 205 East Second Street in Mineola, NY to an affiliate of Bethpage based, Steel Equities. David G. Hunt, president of Hunt, exclusively represented the seller.  Steel Equities was self-represented.

Hunt has represented Great Neck Saw as their exclusive real estate representative for over 30 years. “The building at 205 East Second Street is just one of the manufacturing facilities either in contract or sold to Steel Equities,” said Mr. Hunt.  “Great Neck Saw was one of the last heavy manufacturing hold outs on Long Island. The high cost of utilities, real estate taxes and labor on Long Island make competition with much lower cost environments difficult.  Today, Great Neck Saw now owns over 300,000 square feet in Memphis,Tennessee, and all  operations will be closed on Long Island and based there within a year.”

Great Neck is a leading global supplier to the hardware, home improvement, sporting good, mass retail and automotive markets. They have distribution and manufacturing facilities around the world.

The buyer Steel Equities, headquartered in Bethpage, is a privately held real estate investment and development company. They specialize in commercial and industrial properties, with a portfolio of properties in the millions of square feet.

Hunt Corporate Services, Inc., in the role of a trusted advisor, represents clients exclusively for the acquisition or disposition of commercial real estate throughout the United States, primarily on Long Island, New York. The aggregate value of commercial and industrial properties leased or sold exceeds $2 billion. For further information, contact David Hunt at (516) 937-1000 or dhunt@davidh868.sg-host.com. Full information on the firm and its clients can be found at https://huntcorp.com.