2019 Year in Review: Ralph Perna, Newmark Knight Frank

December 31, 2019 - Spotlights

Name: Ralph Perna

Company: Newmark Knight Frank 

What was your most notable project, deal, or transaction in 2019? 
J P Express, trucking company has been trying–for over ten years–to find a location, with the amount of land required: 7 to 10 acres, zoned for outdoor parking, not too far east, and close to the long island Expressway. We came across 131 Hoffman in Islandia. Eight acres with an existing two story 110,000 s/f office building. The property size was right, location was great, and the existing site allowed outdoor parking, now just a matter of buying the building and property, relocating three tenants.We agreed on a price, made relocation deals with the tenants, closed, now the building will come down and J P with building a new 50,000 s/f cross-dock facility.

What was your greatest professional accomplishment in 2019? 
Closing a sale with a customer that I have been working with for over ten years. 

What are your predictions for commercial real estate in 2020? 
Coming into an election year, will be a tough call, existing deals will get done, the wild card will be new activity.

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