With the town’s approval LSI Industries can proceed with their transaction
LSI Industries Inc., (NASDAQ:LYTS), a leading US-based manufacturer of outdoor and indoor lighting and graphics for commercial, industrial and multi-site retail applications, just announced that the town of New Windsor, NY, has approved the restated ground lease for its New Windsor facility.
With the town’s approval, LSI Industries – the building’s owner – and a well-known, real-estate investment firm, can proceed with their transaction.
“Congratulations are in order for the Town of New Windsor for its approval of the ground lease, which clears the way for a new owner to offer quality jobs in an otherwise dormant commercial space,” said Jim Clark, President and CEO, LSI Industries.
“We’re thrilled to be close to completing this transaction.”
About LSI Industries, Inc.
LSI Industries Inc. (NASDAQ:LYTS) is a U.S.-based manufacturer of lighting, graphics and technology solutions for both indoor and outdoor applications. LSI is a leading solutions provider to several primary end-markets, including petroleum, automotive, quick serve restaurants, grocery, banking, retail, renovation, parking and warehousing.
LSI’s products are marketed throughout North America through a network of independent sales representatives and distributors, as well as through national accounts. LSI partners with customers to provide a full range of design support, engineering, installation and project management services. Headquartered in Blue Ash, Ohio, LSI currently employs over 1,200 employees and operates seven facilities throughout the United States. Learn more: www.lsi-industries.com.