News: Long Island

Hunt of Hunt Corp. negotiates 27,966 s/f lease renewal for Allcare Medical at 125 Newtown Road, Plainview

Hunt Corp. Services, Inc. has renewed Allcare Medical's lease at 125 Newtown Rd. They currently occupy 27,966 s/f of industrial space in the building. David Hunt, president of Hunt Corp., represented the landlord, Anton Cerrone Associates. The building at 125 Newtown Rd. is a 51,981 s/f flex building located off the Long Island Expressway with parking provided on a 3.3-acre site. The multi-tenant high technology center is fully occupied. Allcare Medical, a division of Passaic Healthcare Services, LLC, is a full service DME (durable medical equipment) company specializing in clinical respiratory, wound care and support surfaces. Allcare Medical employs over 200 associates with seven locations in New Jersey, New York and Pennsylvania. "We were delighted to retain Allcare as a tenant and were able to provide them with the additional space they required since they expanded their business," said Hunt. Hunt Corp. specializes in exclusively representing clients for the acquisition or disposition of commercial real estate. Hunt Construction Services, Inc. provides general contracting, construction management and maintenance services for Long Island companies.
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Columns and Thought Leadership
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.