Simple Diagnostics, a company specializing in medical supplies for diabetes management, is expanding and relocating from Queens with the acquisition of a Hauppauge industrial property.
The company bought a 35,650-m² building on 2 hectares at 40 Ranick Road for $7 million.
Founded in 2008, Simple Diagnostics provides blood glucose monitoring systems and other diabetes products under the Clever Choice and Pharmacist Choice brands. The company’s offerings include test strips, blood glucose monitors, blood glucose monitors plus blood pressure monitors, control solutions, lancets, lancet devices, alcohol preparation pads, blood pressure monitors, blood pressure monitors and thermometers. Simple Diagnostics products are sold through retail pharmacies, e-commerce channels and other service providers in 72 countries, according to its website.
The Hauppauge property, which was delivered vacant, was previously leased to Poly Craft Industries, a commercial printer and packaging supplier that moved operations to Middletown, NY earlier this year, according to the brokerage on the deal.
The seller, Giapreet LLC, a Brentwood-based real estate investment firm, had purchased the property at 40 Ranick Road for $8.4 million four years ago.
Ralph Perna of Schacker Realty represented the buyer, while Luciano Oliverio of Summit Commercial Real Estate represented the seller in the Hauppauge sales transaction.
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David Winzelberg covers real estate, development, land use, retail, franchising and white collar crime for Long Island Business News. An award-winning journalist who spent 20 years writing about Long Island for The New York Times, David’s work has also appeared in The Atlantic magazine, Forbes.com and has been featured on CNBC’s “American Greed.” A former adjunct professor of journalism and former editor of a weekly community newspaper, David has hosted a news program for WLIW-TV and is a frequent speaker at area business events. His news reporting, features and investigations have been recognized by several organizations, including the New York Press Association, the Long Island Press Club, and the Fair Media Council, which also honored him with a Lifetime Achievement Award. He can be reached by email at [email protected] or at (631) 913-4247.. [email protected].