News: Long Island

Gillman of The Shopping Center Group leases 2,000 s/f to Sonic Drive-In

Show is Steve Gillman of The Shopping Center Group between franchise owners Bob Fanelli & Spencer Hart.

Valley Stream, NY According to the Shopping Center Group Nassau County’s first Sonic Drive-In at the Green Acres Mall has opened. The free-standing building is 2,000 s/f and is located in front of the mall along Sunrise Hwy.

Steve Gillman, The Shopping Center Group’s broker who represented Sonic, said, “This is their second Long Island unit. A third is under construction in East Meadow. Their first opened in North Babylon a few years ago and was a big hit.” 

Jeremy Issacs of Ripco represented the landlord, Macerich.

The Shopping Center Group is one of the country’s largest privately held retail real estate advisory firms in the United States. With 20 offices in 16 states from NYC to California, it leases over 55 million s/f, manages over 10m, and has over 400 exclusive tenant relationships. The company has two offices in the area, White Plains and their urban division, SCG Retail, based in Manhattan represents exclusively in the New York Metro Region Starbucks, Whole Foods, Staples, REI, Papyrus, Guitar Center and Bobby’s Burger Palace, among others. SCG Retail also represents landlords and developers throughout the metro region.
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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.