News: Brokerage

Raffa of Island Assocs. negotiates two leases - 2,817 s/f at 490 Wheeler Rd.

Hauppauge, NY Island Associates successfully negotiated two new lease agreements for office spaces at 490 Wheeler Road, Hauppauge NY. GNP Branded Gear signed a lease and took occupancy of 1,717 SF office suite in June 2024. GNP Branded Gear is a business specializing in manufacturing and sale of branded clothing and accessories. The second new tenant Airwaves Global Logistics, who specializes in brokering and coordinating delivery and logistics for various clients signed a lease for an 1,100 SF office space.  Robert Raffa represented both landlord and tenant.


Aly Ash Inc. and Global Engineering Services both extended their existing lease terms at 490 Wheeler Road. Aly Ash Inc. has been a tenant in the building for close to a decade and they specialize in brokering mortgages for a select group of clients and lenders. Global Engineering, who is a Boston based company providing seismic and other complicated engineering services throughout the globe, has extended their lease term. 490 Wheeler Road is a 50,000+/- sf two story office building with easy access to the LIE and vibrant mix of office tenants.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
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.
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
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their