Cohen of Ashlind Props. arranges $3.12m sale for solar power firm

As Seen in New York Real Estate Journal January 26, 2010

Island Technology Inc., a diversified manufacturer that recently launched a solar
power subsidiary, bought a 35,000 s/f industrial building, in a deal arranged by Richard
Cohen of Ashlind Properties.

Island Technology, previously in 10,000 s/f in Ronkonkoma, N.Y., bought 131
Heartland Blvd., Edgewood, from private investors for $3.12 million, or about $90 per s/f.

“It’s a magnificent building,” Cohen said of the property, which was built in 1987, has
20-foot ceilings, three loading docks, one drive-in door and 1200 amp power. Until earlier
this year, the property was home to Sartorius Mechatronics Corporation, which moved to
Bohemia.

Island Technology plans to install one of its own newly launched solar energy systems
at the site to provide a “solar garden” to demonstrate the capabilities of its recently Direct
Grid capabilities to visiting customers.

The company said it decided to relocate to Edgewood’s Heartland Business Park
because it is home to many growing companies on Long Island, and is located just outside
metropolitan New York.

Jeff Schwartzberg and Chris Costa of Sutton & Edwards Inc., as well as Ron Lazar and
Phil Shwom of Schacker Real Estate, represented the seller of the Edgewood building.

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