LITTLE FALLS — The more than 110,000-square-foot, former Redco Foods, Inc. manufacturing facility located on Hansen Island in Little Falls was recently sold.
Redco Foods sold the property to Luminati VTOL in July for $750,000 with plans to utilize the facility to design manned and unmanned vehicles for commercial and defense applications. The island is located in the middle of the Mohawk River.
Jeffrey D’Amore of Cushman & Wakefield/Pyramid Brokerage Company exclusively represented the marketing of the property and facilitated the sale on behalf of the seller, Redco Foods, according to a news release from the real-estate firm.
Luminati VTOL says on its website that it was formed through the acquisition of a number of rotorcraft companies, as well as purchases of designs and manufacturing rights. The firm says it is designing manned and unmanned vehicles for commercial and defense applications. Daniel Preston is the company’s owner. It was previously located on Long Island.