News: Long Island

Marcus, Oliver and O'Connor of NGKF rep TRITEC in 14,967 s/f; Greiner of Greiner Maltz reps tenant, Omnicon, in long-term lease

According to TRITEC Real Estate Co., Inc., The Omnicon Group has signed a long-term lease for 14,967 s/f at 50 Engineers Rd. Omnicon analyzes and improves the reliability and safety of products, develops software and hardware systems, and provides comprehensive test engineering services. Omnicon was represented by Dean Greiner of Greiner Maltz. TRITEC was represented by Dan Marcus, Dan Oliver, and Jack O'Connor of Newmark Grubb Knight Frank (NGKF). The design of the remodeled space will be completed by Ed Farrell of Nemschick Silverman Architects and constructed by TRITEC. The tenant is expected to take occupancy in the beginning of 2014. Omnicon will join existing tenant Verizon in 50 Engineers Rd. The building is located in the Hauppauge Industrial Park, one of the nation's largest industrial park totaling millions of s/f of corporate, industrial and retail space. TRITEC Real Estate Company—comprising TRITEC Development Group, LLC, TRITEC Building Company, Inc., TRITEC Asset Management, Inc. and TRITEC Capital, LLC—has established itself as a leader among New York commercial real estate companies, with a decades-long track record of successfully acquiring, developing, constructing, financing, leasing, and managing real estate projects.
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Suffolk County IDA supports expansion of A&Z Pharmaceuticals

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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.