News: Long Island

Delisle Jr. of Island Associates Real Estate brokers sale for 2.2 acres

Roger Delisle Jr. of Island Associates Real Estate Inc. brokered the sale of the former Harborside Restaurant located at 503 East Main St., on the northeast corner of Phyllis Dr. and East Main St. (Rte. 27A). The site consists of approximately 2.2 acres with over 250 ft. frontage on Main St. Harborside restaurant has been an established restaurant for over 27 years. The site has been leased to CVS Drugs for the development of a 13,000 s/f store with a drive thru. CVS Drugs will commence construction of this site within the next 30 days with an anticipated opening for the spring of '08. Delisle Jr. represented both fee owner and CVS Drugs in this transaction. The aggregate rental is in excess of $10 million.
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.