News: Brokerage

Max and Doug Omstrom and Crennan of JLL represent tenant in 103,000 s/f lease

Max Omstrom, JLL

 

Doug Omstrom, JLL

 

Kyle Crennan, JLL

 

Syosset, NY According to JLL, One Stop Properties, a Long Island City-based real estate development company, has leased 103,000 s/f at 225 Underhill Blvd. The company, which specializes in flexible warehouse, office and land rentals throughout the tri-state area, committed to a long-term lease for the entire 103,000 s/f warehouse.

The tenant was represented by Max Omstrom, associate, Doug Omstrom, senior vice president, and Kyle Crennan, senior vice president, all with JLL. The landlord, Balrich Realty Corp., was represented in-house. 

The property, which features 19-ft. ceiling heights, is located on 6.3 acres. The facility includes 3,000 s/f of office space, in addition to 12 docks and three drive-ins.

“This is an ideal opportunity for One Stop Properties to expand its footprint into Nassau County, with easy access to Long Island and the greater New York area,” said Max Omstrom. “This transaction demonstrates that optimal space use solutions can be achieved in this rapidly evolving sector.”

MORE FROM Brokerage

Horvath & Tremblay Announces Strategic Integration of B6 Real Estate Advisors, Expanding New York City Presence

New York, NY Horvath & Tremblay, a premier real estate services firm specializing in investment real estate brokerage, 1031 exchanges, debt/equity placement, and appraisal & valuation services, announced the strategic integration of B6 Real Estate Advisors into the firm’s growing national platform.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent