Hauppauge NY Island Associates Real Estate Inc. brokered three leases totaling 14,400 s/f.
Island Associates negotiated two new lease agreements for office spaces at 490 Wheeler Rd.
CrowdVest Funding signed a long-term lease for 4,100 s/f of office space. CrowdVest is a new venture formed by a previous tenant at 490 Wheeler Rd. One of the principals of CrowdVest has been a tenant at 490 Wheeler Rd. for over 10 years.
Peter Romero, Esq., who has been an existing tenant for several years entered a new long-term lease for larger space in the building. Romero has almost doubled the size of his space to 2,800 s/f. The landlord provided a new full-suite buildout for the tenant.
490 Wheeler Rd. is a 50,000 s/f two-story office building with access to the LIE.
In Middle Island, Island Associates negotiated a new 7,500 s/f lease with NYU Grossman for the end cap space at Strathmore Commons Shopping Mall, 1200 Middle Country Rd.
NYU Grossman is in the construction phase of building-out new medical offices in the 7,500 s/f space. NYU joins other tenants at the 140,000 s/f center such as King Kullen, Golds Gym, DaVita, Dollar Tree, All Island Pets, etc.
Island Associates represented the landlord while Avison Young represented the tenant.
When Environmental Site Assessments (ESA) were first part of commercial real estate risk management, it was the lenders driving this requirement. When a borrower wanted a loan on a property, banks would utilize a list of “Approved Consultants” to order the report on both refinances and purchases.