News: Brokerage

Long Island Industrial renews 26,500 s/f long-term lease with IMC; Koukou of Lee & Associates reps tenant

According to Long Island Industrial, which owns and operates a mixed portfolio of commercial properties across Long Island, Interamerican Motor Corp. (IMC), a division of AutoZone, has renewed their long-term lease for 26,500 s/f at 99 Lafayette Dr. IMC is a distributor of OE quality import replacement parts for motor vehicles. Kelly Koukou of Lee & Associates represented IMC. "We are excited to continue our relationship with IMC and will work tirelessly to ensure that they continue to receive the highest level of service," said Tommy Tsiolis, director of leasing for Long Island Industrial. "We're continuing to see an increase in demand for Long Island industrial properties and several of our tenants are signing long-term leases to hold on to their current space." Located just off of Jericho Turnpike between Routes 135 and Routes 106 and 107, 99 Lafayette Drive provides easy access to all transportation routes and is in close proximity to Long Island Railroad's Syosset Station. The 220,000 square-foot, multi-tenant industrial building is situated on an 11-acre property with ample parking. It is strategically positioned in central Syosset in a thriving business community with a well-educated work force and is adjacent to lodging and shopping. IMC has partnered with more than 300 suppliers from over 40 countries to ensure complete product coverage for all European and Asian car lines. The company carries the service parts for domestic models including brake rotors, brake pads, filters and more.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
A guide to finding the right NYC property management company - by Sanjay Gandhi

A guide to finding the right NYC property management company - by Sanjay Gandhi

Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
Positive forecast for New York’s pro-housing push? - by Philip Butler

Positive forecast for New York’s pro-housing push? - by Philip Butler

New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.