Coco Architectural Grilles & Metalcraft is expanding with its acquisition of a Holtsville industrial property.
The company, which manufactures custom metalwork, purchased the 16,000-square-foot building on 2.24 acres at 740 Blue Point Road for $3.95 million. The property was formerly occupied by a perfume packaging firm.
Coco is expanding and relocating from leased space on Allen Boulevard in East Farmingdale after the company outgrew that space.
After considering a move to North Carolina, Coco received economic incentives from the Town of Brookhaven Industrial Development Agency, including sales and mortgage tax exemptions and a 10-year payment-in-lieu-of-taxes agreement for the expansion in Holtsville, where it will bring 22 employees and plans to add three more jobs, according to the IDA. Employees at the company earn from $47,000 to $71,000 annually.
“We are pleased to help keep manufacturing on Long Island, and in particular in the Town of Brookhaven,” Frederick Braun, Brookhaven IDA chairman, said in a written statement. “It’s nice to see a family business, especially one that wants to stay local, work with us.”
Founded in Manhattan in the early 1900s, Coco specializes in custom metalwork for the HVAC industry and also performs laser cutting, die casting, welding, and finishing of aluminum, brass, bronze, stainless steel, and steel.
Andrew Blumenthal and Mark Timpone of Metro Realty Services represented the buyer, 240 Blue Point Realty LLC, while their Metro Realty Services colleague Nicholas Romano represented the seller, 740 Realty Corp, in the Holtsville sales transaction.
David Winzelberg
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