Berfas, Tabone, Gazzola and O'Connor of Newmark Knight Frank collaborate for $2.3 million

Grace Industries, LLC, one of the largest heavy construction companies and a leader in major construction and rehabilitation projects in the region, has acquired 11 Commercial St., a 17,500 s/f office/flex building located in the Plainview Industrial Park. The acquisition marks an expansion and relocation from Whitestone, N.Y., where the company leases approximately 10,000 s/f. Newmark Knight Frank's (NKF) Scott Berfas, Chuck Tabone and Dan Gazzola represented 11 Commercial Street, LLC, in the sale, and the firm's Jack O'Connor represented Grace Industries in the transaction. The sales price was $2.3 million. According to Berfas, managing director, "The Newmark Knight Frank team was able to identify the right user that could take advantage of the existing improvements and state-of-the-art infrastructure at the property." Newmark Knight Frank is one of the largest independent real estate service firms in the world. Headquartered in New York, Newmark Knight Frank and London-based partner Knight Frank operate from over 200 offices in established and emerging property markets on six continents. Last year, transactions were valued at more than $32 billion with annual revenues of over $811 million. With a combined staff of more than 6,300, this major force in real estate is meeting the local and global needs of owners, tenants, investors and developers worldwide.