ELM Global grabs American Tissue site

As Seen in Long Island Business News April 5, 2002 By NICK ANASTASI Staff Writer

HAUPPAUGE – In a bid to increase efficiency and expand its presence in the Hauppauge Industrial Park, ELM Global Logistics has signed a six-year deal for a 104,000-square-foot industrial building previously occupied by American Tissue.

The lease with Reckson Associates for 89 Nikon Court allows ELM, a public warehousing and distribution firm, to consolidate Deer Park and Brentwood operations and expand its Long Island holdings by 10,000 square feet.

Reckson’s Joseph Caridi, vice president of leasing for the REIT’s Long Island division, said the building had only been on the market about a month when the two sides began lease discussions. “It (the deal) came up right after American Tissue left,” he said.

ELM President Bill Conboy said the new space will be used to augment the privately-held firm’s operations on Long Island. In June, Conboy said, the company plans to relocate certain operations from its facilities in Deer Park and Brentwood to the site on Nikon Court.

“We’re restructuring more than anything else to take advantage of the economies of scale the larger facility offers,” Conboy said. He added that the move will enable the firm to grow its business within the Hauppauge Industrial Park, the largest development of its type in the country. Conboy said the firm will soon have a much larger presence in Hauppauge but will maintain a presence in Deer Park and Brentwood.

This latest move by ELM follows a warehousing and distribution outsource agreement it reached in January with Olympus America, which led to the lease of 400 Rabro Drive, a 105,000-square-foot industrial facility.

Conboy said ELM Global now provides third-party logistics services, including cross-docking, repackaging, pick-and-pack service, distribution, computerized inventory control and short- and long-term storage to about 100 companies on Long Island and abroad.

The company controls about 1 million square feet of warehousing and distribution space, mostly on Long Island.

In the lease negotiation, Reckson was represented by Caridi, while ELM was represented by Richard Cohen, president of Hauppauge-based Ashlind Properties.

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