News: Long Island

CBRE arranges two leases for Massage Envy

Less than a year after Massage Envy, a national company providing professional massage services, appointed CB Richard Ellis' Long Island office to spearhead its entrance and expansion in the region, the firm has already opened its first two Long Island locations at 3153 Long Beach Rd. in Oceanside, N.Y. and 5001 Jericho Turnpike in Commack, N.Y. CBRE's retail expert, Jayson Siano arranged the 2,400 s/f lease for Massage Envy's Oceanside operations. Siano along with CBRE's retail expert Gregg Carlin also arranged a 2,500 s/f lease for the company's second establishment, just opened in Commack. "Since being appointed Massage Envy's exclusive leasing agent less than a year ago, we were able to create and execute a highly targeted introduction and expansion strategy, that has already proven very successful," said Siano. "Massage Envy just opened its second location in Long Island and we currently have several other deals in development in Long Island and beyond." In addition to the first two leases arranged by CBRE, Siano will continue to assist the company in targeting locations and rolling out another 15-20 clinics in Long Island with several more planned in Westchester & the NYC Outer Boroughs over the next few years. Ideal sites include properties offering 2,500 to 3,000 s/f of retail space with a minimum of 30-foot frontage located in close proximity to major transportation hubs. Since opening its first location in Scottsdale, Arizona in March 2002, Massage Envy has expanded to almost 350 relaxation clinics around the country with more than 780 currently under development.
MORE FROM Long Island

Suffolk County IDA supports expansion of A&Z Pharmaceuticals

Hauppauge, NY The Suffolk County Industrial Development Agency (IDA) has granted preliminary approval of a financial incentive package that will assist a manufacturer in expanding its business by manufacturing more prescription (Rx) pharmaceuticals in addition to its existing over-the-counter
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The evolving relationship of environmental  consultants and the lending community - by Chuck Merritt

The evolving relationship of environmental consultants and the lending community - by Chuck Merritt

When Environmental Site Assessments (ESA) were first part of commercial real estate risk management, it was the lenders driving this requirement. When a borrower wanted a loan on a property, banks would utilize a list of “Approved Consultants” to order the report on both refinances and purchases.