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Farmingdale Sale-Leaseback Completed

New York Times Sells Smith Street Property
By Walt Brown
November 26, 2003 | 2:25 P.M.

The New York Times sold the 96,600-square-foot warehouse and distribution facility at 303 Smith Street in Farmingdale, NY, to Seigerman’s Furniture. A leaseback of 30,000 square feet will keep the publication’s delivery arm, City and Suburban Delivery, at the site for the short term. The property, which sold for an undisclosed amount, was listed at $5.5 million.

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