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FALL 2005 • Vol. XLIII
- Bankruptcy – An Overview of Changes in the Law
- Calendar Calls
- Dates to Remember
- FCSMCC - A Team Approach
- Of Note

FCSMCC - A Team Approach

Major transactions have been undertaken by the firm on behalf of its client Northrop Grumman Corporation, bringing together several of the firm’s practice areas. Most recently, on July 26, 2005, the firm’s team approach resulted in the successful completion of the Northrop Grumman Corporation’s first phase of a two-part closing under a Memorandum of Agreement with the County of Nassau.

The transaction was managed by partner Brian R. Sahn. Jeffrey D. Forchelli managed land use and zoning issues relative to the transaction, and partner Aaron Gershonowitzmanaged environmental matters related to the transaction. Associates Robert Reiman and Diana Fantano Hoffman also participated in various aspects of the transaction.

Several versions of an agreement with the County had been in negotiation for the past four years. As a result, Northrop Grumman conveyed to the County approximately 29.75 acres of land under and around an approximate 660,000 square foot building formerly owned by the U.S. Navy and used by Northrop Grumman dating back to the 1940s. The building, at one time, housed the development and assembly teams for the Apollo moon lander built by Grumman in the 1960s. Several other parcels of land and other assets were exchanged between Northrop Grumman and the County as a result of the transaction. The next phase of the closings will involve the Navy’s 105-acre parcel in Bethpage, for which it is anticipated that the land will be conveyed to the County.

333 Earle Ovington Blvd.
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Uniondale, NY 11553
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