BROOKHAVEN INDUSTRIAL DEVELOPMENT AGENCY ACCEPTS APPLICATION FOR ECONOMIC INCENTIVES FROM AMNEAL FOR ADDITIONAL WAREHOUSE SPACE IN YAPHANK

09/12/18

Farmingville, NY (Sept.12, 2018) — Frederick C. Braun III, chairman of the Town of Brookhaven Industrial Development Agency (IDA), announced that the agency has accepted an application for economic incentives from Amneal Pharmaceuticals LLC that will allow the fast-growing drug maker to lease approximately 84,000 square feet of warehouse space in Yaphank to accommodate its growing space needs.
Amneal, the fifth largest manufacturer of generic drugs in the United States, currently operates from a 410,000-square-foot building, completed last year, at 50 Horseblock Road in Yaphank and sites in Hauppauge and Commack. It plans to convert warehouse space in the new building to manufacturing and research and development, and move its warehouse operations as well as those in Commack, which is closing, to the space it plans to lease from Rechler Equities at 19 Nicholas Drive in Yaphank. Anneal also plans to transfer some manufacturing to Brookhaven from its plant in Hayward, California.
The application, accepted by the IDA board at its July 11 meeting, is subject to staff review, a public hearing and final approval.
“Due to business dynamics, our Brookhaven facility required even more manufacturing space,” Anneal Senior Vice President Miguel Gomez said in a letter to the IDA. “The fastest way to accommodate the process was to build additional manufacturing rooms into the existing warehouse.”
The Rechler building totals 232,135 square feet and IDA officials anticipate that Amneal likely will take additional space — now occupied by Global Tissue — in the future. The expansion will create 7 jobs. Rechler will not receive any benefits from the IDA.
Amneal, which said it would add 400 workers in the Horseblock Road building prior to its completion, now has over 700 workers at the site, one of its three locations on Long Island. It plans to spend $1.1 million in renovations at the Nicholas Drive site.
“They really have embraced Brookhaven,” Braun said of Amneal. “Amneal’s continued expansion in our town proves that Brookhaven is a great place to grow your business and be successful.”
The Rechler building, the size of five football fields, was built in 1989 by Estee Lauder and sold to Rechler's predecessor business, Reckson Associates, in 1995.
About the Town of Brookhaven Industrial Development Agency
Since 1971, the mission of the Town of Brookhaven Industrial Development Agency is to improve the quality of life for Brookhaven residents by promoting and assisting the growth of businesses who support the Town through capital investment and the creation and retention of jobs. The IDA has issued millions of dollars in tax-exempt or taxable bonds and provided assistance through straight lease deals to encourage companies to either locate or expand in the Town of Brookhaven. This assistance has been extended to companies both large and small, and has resulted in the direct creation of thousands of jobs for Brookhaven residents. The IDA has provided assistance to a wide range of companies, including Tate's Bake Shop, Amneal Pharmaceuticals, Precision International, LI Precast, Uncle Wally's, and Framerica. For more information, visit BrookhavenIDA.org or call 631-451-6563.