P.C. Richard Adds Warehouse

As Seen in Newsday June 20, 2005 By Tomoeh Murakami Tse Staff Writer

P.C. Richard & Son has purchased a 300,000-square-foot industrial warehouse building near its Farmingdale headquarters in an effort to more quickly replenish its stores with merchandise and deliver products to customers, the company said yesterday. P.C. Richard bought the building, on 105 Price Pkwy., from Rechler Equity partners of Melville for about $31 million, both sides said. P.C. Richard already owns 700,000 square feet of warehouse, office and other space on Price Parkway, bringing the company’s total presence in that corridor to 1 million square feet, said Gary Richard, chief executive of P.C. Richard. The company, Richard said, is negotiating with the tenant, Natural Science Industries Ltd., which subleases the space from New Breed, to move into P.C. Richard’s 150,000-square-foot warehouse building in Deer Park. P.C. Richard hopes to move in to the new Farmingdale warehouse in about three months, Richard said.

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