Brookhaven IDA Seeds Feil Organization’s $30M Industrial Deal on Long Island

Intercounty Appliance maintains its headquarters at 10 National Blvd. in Medford, NY.

MEDFORD, NY—The Brookhaven Industrial Development Agency reports it has agreed to provide incentives to an affiliate of the New York City-based Feil Organization in connection with a purchase/leaseback transaction between the developer and appliance cooperative Intercounty Appliance Corp. for its headquarters and warehouse property here.

The benefits agreement for 10 National Medford LLC, whose managing member is Jeffrey Feil, assisted its $30-million purchase and leaseback of Intercounty’s facilities at 10 National Blvd., which total 250,000 square feet and sit on almost 30 acres. The benefits agreement was approved by the IDA on Nov. 14. Feil is the CEO of the Feil Organization of New York City.