News: Long Island

Naeder of Sabre Real Estate reps tenant in 1,520 s/f

Sabre Real Estate Group LLC, the metropolitan region's newest retail broker, has arranged a lease for Chocolate Works, the New York City Upper West Side chocolatier. Melissa Naeder, a director of Sabre, represented the tenant, while Mason Asset Management represented the landlord, Peppertree Commons Realty, LLC. Sabre is Chocolate Works exclusive broker for its franchised expansion throughout the New York metropolitan area, arranged a lease for 1,520 s/f in the recently renovated Peppertree Commons Shopping Center, 6401 Jericho Tpke. at Townline Rd. The store is expected to open in the fall. A spinoff of the decades-old 5th Avenue Chocolatiere, Chocolate Works has been a success since it opened last year at Amsterdam Ave. and W. 91st St. The cutting-edge candy marker also currently has stores in Valley Stream and Scarsdale. In addition to its extensive collection of chocolates, including its signature 5th Avenue Truffle and such eclectic offerings as chocolate martini olives and chili-infused chocolate nibs, Chocolate Works stores are stocked with bulk bins of classic candies and also offer children's parties and workshops for children and adults. The chocolate is made on premises and children are able to enjoy an interactive experience and become "chocolatier for the day" through on site workshops or parties. Chocolate Works plans to open several hundred stores across the metropolitan region over the next several years, including approximately 25 on Long Island. Sabre is seeking locations of 1,800 to 2,500 s/f in prime neighborhoods for the retailer. Founded by Kenneth Breslin and Jayson Siano, experienced retail real estate professionals, Sabre Real Estate Group is a full-service retail real estate brokerage company focused on tenant and owner representation. Sabre also offers retail, restaurant and franchise consultation services, investment sales and property management. For more information visit www.sabreny.com or call (516) 874-8070 or email: [email protected]
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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.