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When the 100,000-square-foot warehouse at 1150 Motor Pkwy. in Central Islip, N.Y., is sold, all of the company's non-European properties will be leased, according to its most recent annual report. The building was described in a Securities and Exchange Commission filing as a "distribution center," the paper reported.
CA Inc. spokeswoman Michelle Healy said the building, which was advertised in Long Island Business News, is no longer needed because the company is "outsourcing records management and print shop." She also said that only 10 employees would be "affected" and that the sale is part of CA's effort to become more efficient, the paper reported.
"CA is constantly evaluating its cost structure to ensure it is competitive with its industry peers and making the most effective use of its capital," she wrote in an e-mail, the paper reported. Part of that effort, she wrote, is "working to better align our real estate portfolio with our business needs."
-New York State Society of Certified Public Accountants
Posted June 29th, 2007 by Alla
