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Tenant Purchases 101 Marcus Drive in Melville

Regent Baby Products Exercises Purchase Option
By Suzan Miller
April 30, 2008 | 3:46 P.M.

MRP Family Holdings LLC sold an industrial building at 101 Marcus Drive in Melville, NY, to Regent Baby Products Corp. for $7.77 million, or about $60 per square foot. The 129,574-square-foot one-story building was built in 1971 with 22,150 square feet of office space. It was an option to purchase sale. This was an original condition in the lease agreement. The building has 11 loading docks and two drive-in bays.

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