News: Brokerage

Island Associates completes two leases totalling 4,600 s/f

Hauppauge NY Roger Delisle of Island Associates successfully negotiated a long-term lease extension with West Babylon CardSmart for their space at Babylon Market Place shopping center. CardSmart has been a tenant for over 20 years at the shopping center and with the long term lease extension will be able to renovate their store and continue to serve the local community. Babylon Market Place is a 35,000 s/f neighborhood center anchored by Crunch Fitness. 

Island Associates successfully negotiated a lease expansion and extension with Noble Gold for office spaces at 490 Wheeler Rd. Noble Gold expanded their existing footprint at the office building and extended their term. Noble Gold is a business specializing in the transaction of gold and silver assets. 490 Wheeler Road is a 50,000 +/- s/f two story office building with easy access to the LIE and vibrant mix of office tenants.
 

MORE FROM Brokerage

Industrial Realty Group acquires 422,727 s/f distribution facility in south St. Paul

St. Paul, MN Industrial Realty Group, LLC (IRG) acquired a 422,727 s/f industrial distribution facility located at 411 Farwell Ave. in south St. Paul. The property was formerly the headquarters of The Sportsman’s Guide, an online and
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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.
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
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
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,