Article: One Liberty Properties, Inc. Acquires a Flex Building.

GREAT NECK, N.Y., Dec. 27 /PRNewswire/ --

One Liberty Properties, Inc. (Amex: OLP, OLP Pr) announced that on December 22, 2000 it acquired, through a wholly owned subsidiary, an approximately 89,500 square foot flex building situated on approximately 6 acres located in Ronkonkoma, Suffolk County, New York for a consideration of approximately $5.2 million.

The property and all of the improvements are net leased to two tenants. Cedar Graphics Inc. occupies 74,500 square feet and Gavin Mfg., Corp. occupies 15,000 square feet.

One Liberty is a New York based REIT that specializes in the acquisition and ownership of net leased single tenant real ...

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