Given, Jaray, Gohil of Colliers collaborates with O'Brien and Cohen of M.C. O'Brien arrange sale of 23,020 s/f medical building

Colliers International has arranged the sale of a 23,020 s/f medical office property located at 59-25 Kissena Blvd. in the Flushing neighborhood, on behalf of EmblemHealth, which provides health care coverage through its companies Group Health Incorporated (GHI) and HIP Health Plan of New York (HIP). The buyer was healthcare provider Gramercy Surgery Center, Inc. The Colliers International team of vice chairman Brian Given, managing director Steven Jaray and director Sheena Gohil represented EmblemHealth on the transaction. William O'Brien and Karen Cohen of brokerage firm M.C. O'Brien partnered with Colliers International on this assignment. In late 2010, EmblemHealth assigned the Colliers International/M.C. O'Brien team to market and sell the property. Despite the turbulent economic climate, they attracted multiple bids for the asset, and ultimately sold it above its original asking price, which was not disclosed. "We are extremely pleased that despite challenging economic times, our team was still able to market and sell this property in an accelerated fashion," Given said. Located near the Long Island Expressway in East Flushing, 59-25 Kissena Blvd. consists of two floors with 23,020 s/f of leasable space. The property also includes 23 parking spots and 140 feet of street frontage along Kissena Blvd. Potential redevelopment opportunities exist on the site. Colliers International is the third-largest commercial real estate services company in the world with 12,500 professionals operating out of more than 510 offices in 61 countries. A subsidiary of FirstService Corp., it focuses on accelerating success for its clients by seamlessly providing a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and research. Commercial Property Executive and Multi-Housing News magazines ranked Colliers International as the top U.S. real estate company and the latest annual survey by the Lipsey Co. ranked Colliers International as the second most recognized commercial real estate brand in the world.