News: Long Island

Helbling of Sabre Real Estate Group signs BurgerFi to 2,000 s/f-burger chain's first location in Long Island

Sabre Real Estate Group LLC has arranged a lease for the first Long Island location of BurgerFi, a growing sustainable, fast-casual restaurant chain focused on gourmet, all-natural Angus beef burgers. BurgerFi will occupy a 2,000 s/f endcap space at 8063 Jericho Tpke. in the Woodbury Marketplace shopping center owned by Kabro Associates. Russel Helbling, a director at Sabre, arranged the lease. BurgerFi, founded in 2010 by John Rosatti, owner of the Office Restaurant in Delray Beach, Fla., features a made-to-order menu of all-natural, farm-raised beef, specialty hot dogs, fresh-cut French fries, onion rings, desserts and craft beer & wine. The chain incorporates eco-friendly and sustainable practices into each store's construction, including the use of Forest Stewardship Council certified lumber, LED lighting, low VOC paint, and Energy Star appliances. Each location also uses aluminum trays, cups made of recycled corn and furniture made from recycled plastic soda bottles. Founded two years ago, BurgerFi currently operates five locations in Florida with plans to open 24 more in California, Texas, Ohio, and Connecticut by the end of 2012. Typical development costs range from $300,000 to $550,000 and the average annual unit sales volume is more than $2 million. Each BurgerFi location runs about 2,000 to 3,000 square feet, either free standing or endcap, and requires parking for 10 cars per 1,000 square feet. Each restaurant employs between 15 and 27 people. About Sabre Real Estate Group LLC Founded by Kenneth Breslin and Jayson Siano, experienced retail real estate professionals, Sabre Real Estate Group is a full-service retail real estate brokerage company focused on tenant and owner representation. Sabre also offers retail, restaurant and franchise consultation services, investment sales and property management. For more information visit www.sabreny.com or call (516) 874-8070 or email: [email protected] ###
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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.