CVD Equipment to sell and lease back New York facility
Alena Ivochkina /iStock via Getty Images Chemical vapor deposition systems and materials company CVD Equipment (NASDAQ:CVV) will sell and lease bac...
Alena Ivochkina /iStock via Getty Images Chemical vapor deposition systems and materials company CVD Equipment (NASDAQ:CVV) will sell and lease back its facility in Central Islip, New York. CVV has agreed to sell the premises consisting of land and building for $28.5M, subject to the completion of due diligence by the purchaser. Post the close of the sale, the company will enter into a lease agreement the purchaser. The lease will have an initial term of 10 years with two optional renewal terms of five years each.