News: Brokerage

O’Brien of M.C. O’Brien completes two leases totaling 34,500 s/f; collaborates with Kornspun of RM Friedland

Michael O’Brien, III, SIOR

 

Steven Kornspun, SIOR

 

Bronx, NY Michael O’Brien, III, SIOR, M.C. O’Brien Commercial Realty, LLC and Steven Kornspun, SIOR, RM Friedland Commercial Real Estate Services collaborated to complete two long-term leases totaling 34,500 s/f in the Hunts Point neighborhood.

1383 Spofford Avenue - Bronx, NY

O’Brien’s customer, HUB Truck Rental Corp. needed to maintain its operations in the area, and their location at 511 Barry St. had been sold to Innovo Property Group (IPG). 

HUB required a service garage and truck storage yard that were adjacent. After an extensive search, O’Brien contacted Kornspun, a veteran of industrial real estate in the borough. Long term leases were signed at 1160 Worthen St. (12,500 s/f) and 1383 Spofford Ave. (22,000 s/f). The sites are only 3-4 minutes from one another. 

Society of Industrial and Office Realtors (www.SIOR.com) members are industry experts in their markets. Both industrial and office specialists use this professional network to serve their clients globally. 

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
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
The art of investing in real estate - by Thomas Donovan

The art of investing in real estate - by Thomas Donovan

Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
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.