News: Long Island

Lomazow and Manoogian of CBRE retained as exclusive agents of 47,171 s/f office space

Martin Lomazow, CBRE Martin Lomazow, CBRE

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.

MORE FROM Long Island

Suffolk County IDA supports expansion of A&Z Pharmaceuticals

Hauppauge, NY The Suffolk County Industrial Development Agency (IDA) has granted preliminary approval of a financial incentive package that will assist a manufacturer in expanding its business by manufacturing more prescription (Rx) pharmaceuticals in addition to its existing over-the-counter
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The evolving relationship of environmental  consultants and the lending community - by Chuck Merritt

The evolving relationship of environmental consultants and the lending community - by Chuck Merritt

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.