News:
Brokerage
Posted: February 20, 2009
Dunbrack of Philips negotiates two leases totaling 2,617 s/f; Ain of RE/MAX assists with 1,349 s/f deal
Philips International has signed two long term leases with two cellular phone service and products retailers at Philips Plaza on 601 Sunrise Hwy. totaling 2,617 s/f.
Signing leases at the newly renovated shopping center were Ameritel for 1,268 s/f, and ZCom for 1,349 s/f. Ameritel will sell T-Mobile products and services while ZCom will sell Verizon Wireless products and services.
"Ameritel and ZCom will join our authorized AT&T products and services dealer, giving Philips Plaza three wireless stores adjacent to one other in the center which, I believe, is one of the first such instances on Long Island," said Mark Dunbrack, leasing associate of Philips. "Presently 100% leased, Philips Plaza now offers the community a one stop shop to choose their cellular provider, products and services."
Dunbrack represented Philips in both transactions, and Gary Ain, associate broker, at RE/MAX Unlimited represented ZCom.
Tags:
Brokerage
MORE FROM Brokerage
Liberow and Benshar of Asset CRG Advisors arrange $18.1 million ground lease transaction for 358 Flatbush Ave. development site
Brooklyn, NY Asset CRG Advisors recently facilitated the disposition of 358 Flatbush Ave., a Brooklyn development site situated at the intersection of Park Slope and Prospect Heights overlooking Grand Army Plaza and Prospect Park.
Quick Hits
Columns and Thought Leadership
Strategic pause - by Shallini Mehra and Chirag Doshi
Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
A fresh start - by Shallini Mehra and Amit Doshi
For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
AI comes to public relations, but be cautious, experts say - by Harry Zlokower
Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,
