News: Long Island

NAI Long Island brokers two leases at Brookhaven Professional Center - 4,864 s/f

Medford, NY NAI Long Island negotiated two leases totaling 4,864 s/f at Brookhaven Professional Center (BPC), 3231-3253 Rte. 112.

Senior director Brian McGuire of NAI Long Island negotiated the 1,248 s/f lease agreement with The Nassau-Suffolk School Boards Association at Brookhaven Professional Center.

NAI LI managing principal Lee Rosner, CCIM SIOR, negotiated the 3,616 s/f lease agreement with The Suffolk County GOP and The Brookhaven Town Republican Committee at Brookhaven Professional Center.

These leases are the latest of several recent major transactions NAI Long Island, as the BPC’s exclusive leasing agent, have represented in this office park, demonstrating a steady demand for office space in Central Suffolk County.

Brookhaven Professional Center is a 155,000 s/f office consisting of 10 single-story office buildings offering non-medical and medical office space. Recent improvements include new common areas, roofs, landscaping, signage/lighting and parking lots. Lincoln Property Group is the property manager.

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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.