NAI Friedland completes 82,799 s/f of leasing transactions in Westchester County and the Bronx

NAI Friedland, a full service commercial real estate firm serving metropolitan New York, revealed that its industrial and office divisions closed 7 transactions in Westchester County and the Bronx. The combined deals represent more than 82,799 s/f of space. NAI Friedland has been an industry leader for over 40 years. The industrial division completed five transactions: * Sale of 23,500 s/f at 1320 Zerega Avenue, Bronx. Ross Schneiderman represented both the seller and the purchaser in the transaction between Inductoweld Tube Corp. (seller) and Four One Management Corp. (purchaser). * Sale of 18,000 s/f at 3494 Park Avenue, Bronx. Ross Schneiderman and Atanu Bhattacharjee represented both the seller and the purchaser in the transaction between NYC 174th Realty Co., Corp. (seller) and 3494 Park Avenue Corp. (purchaser). * Sale of 10,000 s/f at 761 Nepperhan Avenue, Yonkers. Ross Schneiderman and Steve Kaufman exclusively represented the seller and Peter Cokin represented the purchaser in the transaction between Atlantis Worldwide (seller) and 761 Nepperhan Avenue (purchaser). * Lease of 5,625 s/f at 18 Belway Place, White Plains. Andy Grossman represented the landlord in the transaction between Tesla Motors (tenant) and Sciullo Construction (landlord). * Sale of a 2,400 s/f building plus 13,000 sq. ft. of land at 676 Saw Mill River Road, Yonkers. Peter Cokin represented both the seller and the purchaser in the transaction between Seabury Construction Corp. (seller) and CI Contracting Corp. (purchaser). The Office Division completed two transactions: * Sale of 22,000 s/f at 2 John Walsh Boulevard, Peekskill. Carl Silbergleit represented both the seller and the purchaser in the transaction between Singer Properties (seller) and Bertram Realty LLC (purchaser). * Lease of 1,274 s/f at 935 Kelly Street, Bronx. Steve Kaufman and Steve Lorenzo represented the tenant in the transaction between Versatil Beauticians (tenant) and Kelly Street Partners LLC (landlord). "The real estate market is showing positive signs of recovery, and NAI Friedland is actively working with buyers, sellers, landlords and tenants to help them take advantage of the great opportunities that are available," said Tony Lembeck, NAI Friedland's CEO. "We are seeing prices of real estate increase in the Bronx, but not much being offered for sale, making each transaction significant. Leasing prices have leveled, and we are seeing an increased amount of activity in that area." Lembeck continued, "With the announcement of the possibility of increased interest rates, we have seen a significant increase in the numbers of potential purchasers who wish to take advantage of current trends and lock in to today's rates. Our clients are seeing the value in working with a local firm that has the global reach of NAI and even in this difficult economy, our brokers are continuing to match clients with space that suits their needs."