The Real Deal New York

Amneal inks long-term leases with Rechler Equity on Yaphank building

February 18, 2019 10:30AM

Amneal Pharmaceuticals signed two long-term leases at 19 Nicholas Drive in Yaphank to expand its office, warehouse and distribution operations across another 147,978 square feet, Long Island Business News reported. The company, which is one of the largest domestic drug makers, currently operates out of a 410,000-square-foot building at 50 Horseblock Road, which is also in Yaphank. Amneal plans to bring to the site some of the manufacturing that had been run out of its California facilities. Some of the warehousing operations currently done on Horseblock Road will move to the company’s facility at Nicholas Drive. The town of Brookhaven’s Industrial Development Agency helped the expansion by giving Amneal economic incentives, which the company had asked for last year. In the lease deal, Amneal was represented by Richard Cohen of Ashlind Properties. The landlord, Rechler Equity Partners, was served in-house by Ted Trias and Chris Costa. [LIBN]