News: Long Island

Owens of NAI Long Island brokers 4,360 s/f retail lease

300 Jericho Turnpike - New Hyde Park, NY
Kevin Owens, NAI Long Island
New Hyde Park, NY Broker Kevin Owens, of NAI Long Island, has completed a retail lease deal for 1300 Jericho Tpke. The 4,360 s/f space features a retail store in front with showroom and industrial warehouse in the rear. Owens represented the landlord, Mendocino Properties, and brokered this deal with Scott Reiss of Clay Daniel Associates, who represented the tenant, Sherman Williams. “The building has been completely refinished, making it a great find in the booming New Hyde Park submarket,” Owens said. Owens has been a commercial real estate broker for over 18 years, and has established strong relationships within the community due to his vast experience in finance and retail gasoline stations. He has worked with many clients in the selling, leasing, and purchasing of properties across Long Island, including assisting in over 20 retail bank site transactions in the last 7 years. NAI Long Island is a full service commercial real estate firm serving Nassau, Suffolk, and Queens counties since 1980. Their professional staff have in-depth market knowledge, experience, and the proven ability to negotiate successful client-specific transactions. Their expertise is enhanced by state of the art systems, and a comprehensive database to provide market and property information. NAI Long Island is a member of NAI Global, the premier network of commercial real estate firms spanning the globe.  
MORE FROM Long Island

Suffolk County IDA supports expansion of A&Z Pharmaceuticals

Hauppauge, NY The Suffolk County Industrial Development Agency (IDA) has granted preliminary approval of a financial incentive package that will assist a manufacturer in expanding its business by manufacturing more prescription (Rx) pharmaceuticals in addition to its existing over-the-counter
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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.