UA Properties LLC agreed to acquire 150 Motor Parkway from RNY Property Trust (ASX:RNY) on December 6, 2016. The deal is expected to close on February 2018. UA Properties LLC completed the acquisition of 150 Motor Parkway from RNY Property Trust (ASX:RNY) for $21 million on February 8, 2018. Jeffrey Dunne, David Gavin and Travis Langer of CBRE’s Institutional Properties in collaboration with Philip Heilpern of the CBRE Long Island office, represented RA 150 Motor Parkway LLC, an entity controlled by RNY Property Trust, in the sale of 150 Motor Parkway in Hauppauge, New York. The team was also responsible for procuring the buyer, UA Properties LLC, who purchased the property as part of a 1031 exchange.