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Brookhaven IDA Closes On Incentives Pact To Convert Former IRS Offices In Holtsville to Industrial Use

05/02/18

FARMINGVILLE, NY (May 2, 2018) — Frederick C. Braun III, chairman of the Town of Brookhaven Industrial Development Agency (IDA) announced that the agency has closed on a package of economic development incentives to a real estate firm that plans to redevelop and renovate a vacant building in Holtsville that until 2013 served as an IRS call center.

The incentives package, granted under the agency’s a daptive - reuse policy and approved Feb. 21 for Holtsville Industrial, LLC, closed on Feb. 27. The company is owned by Melville real estate broker Tod Buckvar and Lawrence Frisina, who owns a trucking and warehousing firm in Bethpage.

Holtsville Industrial plans to renovate the 48,416 - square - foot industrial at One Corporate Drive. The building, constructed in 1987, has been vacant since March 2015. Future tenants have not been determined, but the IDA benefits will only be available until 2019, if no leases h ave been signed.
 

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