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Brokerage
Posted: March 9, 2010
Heilpern and Poch of CBRE-Long Island rep seller in $2.37 million sale
In a transaction arranged by the Long Island office of CB Richard Ellis (CBRE), RS Abrams & Co. LLC, has acquired a 15,198 s/f office property located at 3033 Express Dr. North. The purchase price for the building was $2.37 million. The CBRE team of Philip Heilpern and Michael Poch negotiated the deal on behalf of the seller, AJJF Properties, LLC.
"With a half vacant building and the current economic state, it was necessary to find the appropriate user to achieve pricing that would satisfy the seller," said Poch.
RS Abrams & Co. LLC, plans to relocate its Suffolk County operations, currently located at 2805 Veterans Memorial Hwy. in Ronkonkoma, to its new space.
Jim Riley and Leo Farrell of Corporate Realty Services represented RS Abrams in the negotiations.
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