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.
Manhattan, NY AmTrustRE has completed the $211 million acquisition of 260 Madison Ave., a 22-story, 570,000 s/f office building. AmTrustRE was self-represented in the purchase. Darcy Stacom and William Herring
Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account