News: Brokerage

Long Island Industrial renews 26,500 s/f long-term lease with IMC; Koukou of Lee & Associates reps tenant

According to Long Island Industrial, which owns and operates a mixed portfolio of commercial properties across Long Island, Interamerican Motor Corp. (IMC), a division of AutoZone, has renewed their long-term lease for 26,500 s/f at 99 Lafayette Dr. IMC is a distributor of OE quality import replacement parts for motor vehicles. Kelly Koukou of Lee & Associates represented IMC. "We are excited to continue our relationship with IMC and will work tirelessly to ensure that they continue to receive the highest level of service," said Tommy Tsiolis, director of leasing for Long Island Industrial. "We're continuing to see an increase in demand for Long Island industrial properties and several of our tenants are signing long-term leases to hold on to their current space." Located just off of Jericho Turnpike between Routes 135 and Routes 106 and 107, 99 Lafayette Drive provides easy access to all transportation routes and is in close proximity to Long Island Railroad's Syosset Station. The 220,000 square-foot, multi-tenant industrial building is situated on an 11-acre property with ample parking. It is strategically positioned in central Syosset in a thriving business community with a well-educated work force and is adjacent to lodging and shopping. IMC has partnered with more than 300 suppliers from over 40 countries to ensure complete product coverage for all European and Asian car lines. The company carries the service parts for domestic models including brake rotors, brake pads, filters and more.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
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.