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.

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.
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
A guide to finding the right NYC property management company - by Sanjay Gandhi

A guide to finding the right NYC property management company - by Sanjay Gandhi

Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
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