LIBN 44 Ramsay Press Release

11/03/21

Shirley industrial property sells for $9.25M 

By: David Winzelberg November 2, 2021

An industrial property in Shirley has traded for $9.25 million in a sale/leaseback deal. Port Washington-based BEB Capital purchased the 62,000-square-foot industrial building on 6.35 acres at 44 Ramsey Road. BEB is leasing the property to Frank Lowe, a supplier of rubber products, for the next five years. The property had been owned by Warco LLC, a real estate entity affiliated with Frank Lowe, which will now continue to operate at its long-time Shirley location. In business for more than 65 years, Frank Lowe supplies a wide variety of non-metallic sealing and protective products, including gaskets, glass separators and packaging foam. Jordan Baruch and Matthew Kucker of Colliers International represented the buyer, while their Colliers International colleagues Jason Maietta, Tommy Rosati and Brandon Lichtenstein represented seller Warco LLC in the sales transaction. 

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