Levitan of Cushman &Wakefield leases 16,500 s/f at 175 Fulton Ave.
"The Moinian Group, owner of 175 Fulton Ave. has leased 16,500 s/f in the property for North Shore Hospital/RegionCare, Winthrop Hospital, and Preferred Pharmacy," said, Carmel Kashani, an investment partner.
"We are pleased to welcome North Shore Hospital, Winthrop Hospital, and Preferred Pharmacy to this property," said Kashani. "Following a multi-million dollar capital improvement, 175 Fulton Ave. has become home to some of Nassau County's leading medical, law and non-profit firms and a host of top-tier retailers."
RegionCare, an entity of North Shore Hospital that services patients at home, signed a 7,500 s/f on the 2nd floor. The lease was arranged by the in-house leasing team.
Winthrop Hospital, a renowned medical institution, leased a 5,000 s/f on the ground-floor. Cushman & Wakefield's David Levitan negotiated on the tenant's behalf.
Sutton & Edwards' Brian Boker arranged a 4,000 s/f ground-floor lease for Preferred Pharmacy.
175 Fulton Ave. is a 200,000 s/f, 7-story property with close access to the Southern State and Meadowbrook Parkways. Offering a new light filled lobby, upgraded elevator cabs, upgraded corridors and abundant parking, 175 Fulton Ave. has reached over 95% occupancy.
Current tenants at 175 Fulton Ave. include Education Assistance Corp., Federation of Education Guidance Service, Long Island Beauty School, Verizon Cellular and other top firms.
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
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