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Concluded Complex Purchase & Lease Transaction

Rosenberg Fortuna & Latiman, LLP, recently concluded the consummation of a complex sale of assets for a well-established business located in Nassau County, New York. An affiliate of the seller was also the owner of the property out of which the business operated. As part of the transaction, the owner of the property entered into a long-term lease with the purchaser of the business assets which contained, among other things, an option for the purchaser to also acquire the property. Partner, John A. Fortuna, Esq., acted on behalf of the firm in this transaction.