News: Brokerage

Farrell of CBC Island brokers $1.2 million sale of 4.53 acres in Brentwood; Pidgeon of CBC Island handles 15-year lease – 10,500 s/f

Shown above is 39 Allen Blvd. - Farmingdale, NY
Brentwood, NY
According to Coldwell Banker Commercial Island Corporate Services (CBC Island), the firm has completed the following transactions:

Leo Farrell,
Coldwell Banker Commercial Island Corporate Services

 

Edward Pidgeon,
Coldwell Banker Commercial Island Corporate Services

 

Leo Farrell, managing principal of CBC Island, completed a 4.53 acre land sale transaction at Grand Blvd. and Rte. 111. Farrell represented the landlord, Farber Industrial, LLC and the purchaser, Inglesia Palabra MIEL Church Long Island. The purchase price was $1.2 million.

Edward Pidgeon, principal of CBC Island completed a 10,500 s/f, 15-year, industrial lease transaction at 39 Allen Blvd. in Farmingdale. Pidgeon represented the tenant, RAV Auto, Inc. and the landlord, Lighthouse Equities Group, LLC. RAV Auto, Inc. is a fleet services company, specializing in repairs and maintenance. 39 Allen Blvd. is a 30,000 s/f, multi-tenant, industrial building located off Broadhollow Rd.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking