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.”

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
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,
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
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