News: Brokerage

Island Assocs. leases 2,227 s/f to Starbucks at 295 Indian Head Rd.

Kings Park, NY Island Associates (IA) Real Estate negotiated a new development of a ground-up free-standing 2,227 s/f Starbucks with a drive-thru with a long-term lease term plus options at 295 Indian Head Rd..

The aggregate rent is $3.57 million. Island was instrumental in negotiating the lease terms as well as assisting the developer in obtaining approvals and having the facility constructed to the specifications of Starbucks.

The Starbucks has 39 interior seats as well as a patio with 12 additional seats. Starbucks joins The Learning Experience at the newly developed site on the corner of Old Northport Rd. and Indian Head Rd. and is located at the gateway to Kings Park.

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TF Cornerstone inks Hanover Park lease and PMG Worldwide expansion at 387 Park Ave. South

Manhattan, NY New York City real estate development firm TF Cornerstone (TFC) has completed 100,000 s/f of leasing activity over the past year at 387 Park Ave. South, highlighted by a new lease with Hanover Park and the expansion and extension of PMG Worldwide totaling more than 58,000 s/f.
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