Metropolitan Realty Assoc. completes leasing transactions totaling 18,567 s/f

Metropolitan Realty Associates LLC has completed leasing transactions totaling more than 18,000 s/f its Jericho Atrium class A office building. The deals includes a lease with new tenant, an expansion and several renewals. The building, also known as 500 N. Broadway, was acquired by Metropolitan six months ago. Since the acquisition, Metropolitan has competed deals totaling 30,000 s/f in the 145,000 s/f property. "These deals demonstrate the desirability of the Jericho Atrium and its terrific location," said Joseph Farkas, president of Metropolitan Realty Associates, one of Long Island's largest owners of commercial properties. The recent transactions were: * Mile Development Corp d/b/a The Beechwood Organization, one of Long Island's largest residential developers, renewed its lease for 7,216 s/f. * Norcom Realty Corp. d/b/a Seaman Partners, a property management/brokerage firm, renewed its lease for 3,251 s/f. * Preferred Financial Group Inc., an insurance agency, renewed its lease for 2,757 s/f. * GPS Tracks, LLC, which designs advanced technology products that use global positioning satellite applications, signed a lease renewal and expansion, growing from 1,375 s/f to 2,598 s/f. * Newlight Management Corp,a high technology venture fund, renewed its lease for 1,440 s/f. * Personal Training Institute, the operator of a franchised chain of fitness and weight loss centers, signed a new lease for 1,305 s/f for its headquarters All the transactions were negotiated directly with the tenants by the building's leasing agent, Harris Rousso, executive managing director of Real Estate Strategies Ltd.