News: Brokerage

Han of Studley represents tenant in 6,470 s/f lease

According to Hackman Capital Partners, LLC (HCP), Quest Software Inc. has leased 6,470 s/f at 9710 Scranton Rd., one of two, three-story office buildings at Centrewest Plaza. Centrewest Plaza, now 93% occupied, is owned by an HCP affiliate. HCP is acting as asset manager for the affiliate. Quest Software was represented in lease negotiations by Wendy Han of Studley, while Steve Wolf and Brunson Howard of Cushman & Wakefield represented the landlord. The lease commenced in July, 2009. Quest Software, Inc creates and supports systems management products, focusing on the management of critical applications, databases, Windows infrastructure and virtual environments. The company has approximately 3,400 employees in more than 60 offices around the world, and a global base of more than 100,000 customers. Centrewest Plaza is located adjacent to the Mariott Courtyard hotel and Karl Strauss Brewery, minutes from Interstate 805. The Plaza's two, class A buildings offer a combined 116,000 s/f of office space on 4.49 acres. Significant upgrades totaling more than a half million dollars have been made to the buildings, inside and out, since the owners acquired Centrewest Plaza in July 2007. Customizing the Quest suite is an additional investment. "These upgrades at Centrewest Plaza, along with our willingness to customize to suit, and the property's prime location, are key selling features," said Mike Schlesinger, VP of Asset Management for Hackman Capital Partners. "We're committed to the project and our tenants." Other amenities at Centrewest Plaza include covered parking, courtyard, balconies, vaulted ceiling entryways, shower and locker rooms and new landscaping, which according to Schlesinger, are also appealing to potential tenants.
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SABRE coordinates sale of six properties totaling 199,845 s/f

Huntington, NY SABRE Real Estate Advisors has completed the sale of six commercial properties across Long Island and Northern New Jersey, further underscoring the firm’s strength as a trusted partner in complex real estate transactions. The deals were led by executive vice presidents Jimmy Aug and Stu Fagen, whose combined expertise continues to drive exceptional results for clients across the region.
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