Dunne, Gavin and Langer of CBRE broker $75.5 million sale, Assisted by Heilpern and Lomazow of the CBRE Long Island office

Uniondale, NY Jeffrey Dunne, David Gavin and Travis Langer of CBRE’s Institutional Properties in collaboration with Philip Heilpern and Martin Lomazow of the CBRE Long Island office, represented Joss Realty Partners in the sale of 60 Charles Lindbergh Blvd. for $75.5 million. The team was also responsible for procuring the buyer, Salus Federal Properties, who was represented by Will Bradley of the CBRE Richmond office. 

 

 

60 Charles Lindbergh is a 217,226 s/f office building which is 100% leased to the County of Nassau (S&P Rated A+), who recently renewed their lease through 2036 and operates their Health & Human Services divisions from the Property.  

Dunne said, “60 Charles Lindbergh provides an irreplaceable location for Nassau County, as demonstrated by their recent renewal and long term commitment to the property. The acquisition of 60 Charles Lindbergh will provide secure, long term cash flow and is a great addition to Salus’s portfolio.” 

CBRE Institutional Properties has a number of attractive investment opportunities coming to market including: 55 Charles Lindbergh, a 214,581 s/f 100% leased office building in Uniondale; and 6800 and 6900 Jericho Tpke., a 315,500 s/f value add office property in Syosset. Some offerings currently being marketed include: 9 West Broad, a 188,000 s/f multi-tenant, value add office property in downtown Stamford, Connecticut; 201 High Ridge a 196,000 s/f value add/opportunistic office building in Stamford, Connecticut and 4 Becker Farm Rd., a 282,000± square-foot multi-tenant office building that is anchored by KPMG and CohnReznick in Roseland, New Jersey.