News: Brokerage

Medeiros of TEI brokers 7,500 s/f lease renewal

Time Equities, Inc. (TEI) brokered a five-year, 7,500 s/f lease renewal at 80 Curtwright Dr. for the Visiting Nursing Association of Western New York (VNA). VNA, and its sister company, VNA Home Care Services, are leading providers of superior quality home health services in the eight western counties of NYS. They have established successful relationships with area hospitals and they service thousands of physicians throughout the marketplace. VNA has eight employees working in the space that oversee the management and distribution of medical goods for visiting nurses. These include respiratory soft goods, foods and oxygen products Aaron Medeiros of Time Equities, Inc. represented the landlord while Carey Anderson and Michael Hollander of Militello Realty represented the tenant. "VNA has been in Inducon Business Park for over 10 years because it is the perfect location to accommodate VNA's space requirements," said Medeiros. "The flex building allows VNA to utilize a combination of office, warehouse and distribution space." The property features dock doors facilitating warehouse usage, while the fully built office space allows for front office functions. Founded in 1966, privately-held Time Equities Inc. (TEI) has been in the real estate investment, development and asset & property management business for more than 40 years. With properties in 25 states, four Canadian provinces and Germany, the TEI portfolio consists of 22.1 million s/f of residential, industrial, office and retail property. For more information, please visit www.timeequities.com.
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REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
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