News: Long Island

Nicholson of Genesis Real Estate brokers 10,000 s/f lease for Family Dollar

Christopher Nicholson,
Genesis Real Estate Advisors

Patchogue Village, NY Christopher Nicholson of Genesis Real Estate Advisors has negotiated the lease of a new Family Dollar. The store was a relocation of an older existing location. The opportunity came to reposition the store to a superior location with more visibility and parking accessibility. The space at 150 Main St. is 10,000 s/f with a municipal parking lot. The landlord (Staller Associates) did a lot of renovation for Family Dollar to be there.

Genesis is a full service real estate company that provides a high-level of expertise in all facets of commercial real estate. The focus of the firm includes investment, investment sales, development services and consulting, retail, office and industrial leasing as well as asset management. Genesis also provides general real estate consulting services and tenant representations. Their customer service and client relationship philosophy is what sets them apart.

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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.