Angelo Gordon, We’re Group score $350M refi for Long Island offices
The Suffolk Legislature voted unanimously to resubmit a bid to buy a 21-acre parcel in Middle Island that once held a Kmart until it was demolished two years ago, according to Newsday. The property is owned by Garden City developer Wilbur Breslin, who in 2017 rejected the county’s previous $1.8 million offer for the land. Legislators said the new bid is slightly higher and Breslin has 90 days to accept or reject it. Suffolk and Brookhaven Town officials plan to buy part of the property, which spans 75 acres, and turn their parcel into a park with athletic fields. In the same deal, New York State would buy and preserve 28 acres, leaving 26 acres for Breslin to potentially develop. [Newsday]
