Woodbury, NY Martin Lomazow, a senior vice president and Matt Manoogian, an associate with the Long Island office of commercial real estate brokerage firm CBRE, have been retained as the exclusive leasing agents to market a block of office space totaling 47,171 s/f at 170 Froehlich Farm Blvd. The property provides the opportunity for corporate users to take advantage of the full-building availability, with visibility and signage.
Formerly housing the law division of national insurance giant, GEICO, 170 Froehlich Farm Rd. offers 24,171 s/f of space on the ground floor, as well as 23,071 s/f on the concourse level. The office property is situated off the Long Island Expressway on Exit 46 and Exit 38 on the Northern State Pwy. In addition to the full building availability, the ownership is considering flexible configurations to meet a number of mid-size tenant requirements.
“The property’s close proximity to a number of transportation options, hands-on ownership and quality office space makes it a true gem in the market. In addition, the ownership is now working with an architectural firm to explore the possibility of reskinning the façade,” said Manoogian.
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.