Genesis Real Estate completes three leases totaling 11,400 s/f and a $5.56 million sale

Genesis Real Estate Advisors has brokered three leases totaling 11,400 s/f and a $5.56 million sale. The deals include: * The 2,000 s/f lease of 5002 Hempstead Tpke., a Verizon Wireless store. The aggregated lease value for 10 year exceeds $660,000 per annum. The building was formerly a free-standing KCF, which was vacant for several years. Chris Nicholson, managing director of Genesis, represented the tenant and landlord. * The 6,000 s/f lease of 1561 Old Country Rd., Riverhead, to Buffalo Wild Wings, This is their 5th location in Suffolk County, with two more to open in the near future. Westchester-based Sabre Real Estate Advisors constructed the new115,000 s/f center. Co-tenants include: Dicks Sporting Goods, Christmas Tree Shops, ALDI, and Five Below. Nicholson, who brokered the deal, said, "It was a perfect opportunity for Buffalo Wild Wings to enter into the Riverhead market." * A 3,400 s/f lease at 824 Hicksville Rd., North Massapequa, between Spiegal Associates and Island Federal Credit Union. The branch opened last year. "The former restaurant was a "no brainer" for Island Federal Credit Union. The center offered everything they were looking for including: parking, end cap, exposure and access," said Nicholson, who brokered the deal. The aggregated value was $850,000 per annum on a 10-year lease. * The $5.56 million sale of the Copiague Smart Growth Building, 1700 & 1730 Great Neck Rd., Copiague. The property was a 40,000 s/f, mix-use building of retail and 22 one-bedroom apartments. Nicholson represented the seller, Minino Development Corp. and Tri-State Investments represent the New Hyde Park purchasers.