News: Long Island

Delisle of Island Assocs. arranges 15-year, 18,000 s/f lease for Gold’s Gym

Roger Delisle, Island Associates

Middle Island, NY Roger Delisle Jr. of Island Associates brokered a 15-year lease agreement with Gold’s Gym for a portion of the shopping center located at 1245 Middle Country Rd. The landlord expanded the western building of the shopping center by over 2,500 s/f plus a mezzanine to accommodate the new 18,000 s/f Golds Gym fitness facility. The entire shopping center is over 148,000 s/f on 15 acres. 

Gold’s Gym joins King Kullen Supermarket, Dollar Tree, All Island Pet’s, McDonald’s Restaurant, and others. Gold’s Gym is based in Dallas Texas and has 700 fitness centers worldwide. Gold’s Gym entered a lease agreement in 2017 and the approval and construction process took over 10 months. The tenant opened for business in March. 

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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.