Online pharmacy opens distribution hub on Long Island

by

On-demand pharmacy chain, Alto Pharmacy, has leased a 10,000
s/f distribution hub on Long Island as the company continues its expansion into
the New York market.

Hunt Corporate Services’ David Hunt represented landlord Anton Cerrone Associates in the lease at 245 Newtown Road, Plainview (pictured top). Matt Manoogian of CBRE represented the tenant.

DAVID HUNT

“Alto is a commercial pharmacy that offers a same-day
delivery service. A location close to the Long Island Expressway was a key
criterion for the ease of access for their drivers. Our building offers exactly
that since it is located on the South Service Road of the LI Expressway,” said
Hunt.

“Construction is underway, and the tenant will be taking
occupancy later this year. This location in Plainview will serve as a
distribution center for all of Long Island.”

Founded in San Francisco in 2015, Alto is an on-demand
pharmacy offering patients free same-day prescription delivery, cost
transparency, and pharmacist access. It has raised $354 in funding from
investors including Softbank and Greenoaks Capital that has helped it expand
its total coverage area to more than 36 million people.

Instead of visiting traditional brick-and-mortar pharmacies
to pick up medications, Alto customers work with pharmacists on the phone or in
the app and schedule same-day delivery of medication right to their home or
office. Alto customers can also see medication price comparisons, manage their
medications within the app, and connect directly with a pharmacist to ask
questions about prescription instructions or side effects.

Over the last year, Alto has begun offering enhanced
expertise in complex therapeutic areas including diabetes, heart and lung
health, fertility, and care for those living with HIV.

A single Alto distribution location covers the same geographic area as about 400 chain pharmacy locations with its free same-day delivery service.

Alto founders Matt Gamache-Asselin and Jamie Karraker.

“We’ve continued to develop our service and technology to
improve the pharmacy experience for millions of new customers, finding even
faster, easier, and more affordable ways to get medicine into the hands of
patients in need,” said Matt Gamache-Asselin, CEO of Alto.

 “We’re excited to
expand our national footprint, increasing our ability to bring lower cost
prescriptions, high-quality expert care, and easy-to-access treatment to more
people.”

(Visited 1 times, 68 visits today)