Pictured above is 123 Marcus Blvd. - Hauppauge, NY
Farmingdale, NY Ralph Perna, executive managing director of Newmark Knight Frank, has brokered three leases totaling 42,400 s/f on Long Island.
In the first deal, Perna represented the landlord and tenant, Bus Around Town, in a 4,400 s/f, 10-year lease at 1907 Rte. 110, Farmingdale. The property sits on one acre.
In the next deal, Perna represented the tenant, Mark One Machinery Sales, in an 18,000 s/f lease at 1485 North Clinton Ave., Bay Shore. Kyle Burkhardt and Josh Chen of Cushman & Wakefield represented the master tenant in the long-term sub-lease.
In the final deal, Perna represented the tenant, Industrial Sales & Service Corp., in a 20,000 s/f lease at 123 Marcus Blvd., Hauppauge. Doug Donatelli of Metro Realty represented the landlord.
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.