News: Long Island

Pliskin Realty & Development negotiates two retail leases in Long Island totaling 14,644 s/f

Pliskin Realty & Development has brokered two retail leases totaling 14,644 s/f. In the first lease, Pliskin sales associate Michael DiBella completed a lease transaction involving 12,000 s/f of retail space located at 553 Burnside Ave. The new tenant is Express Furniture Warehouse, Inc., a leading New York area retailer of high quality furniture at incredible values. The term of the lease is five years with one five-year option. DiBella represented the landlord, EJA Management and Tom Jenkins of S.B. Schwartz & Co., Inc. represented the tenant. DiBella concentrates on property sales and leasing assignments. He brings to his role extensive sales experience, as well as direct retail experience as a former owner/manager of multiple food and beverage enterprises. In the second lease, Pliskin senior associate Brad Barish completed a lease for 2,644 s/f in the Melville Plaza located at 610 Broadhollow Rd. Barish represented the landlord, Willner Realty & Development Co. (WRDC, Philadelphia, PA) and Bill DeSeve of Breslin Realty represented the tenant, Moe's Southwest Grill. The lease is a ten-year lease with two additional five-year options. At Pliskin, Barish lends over two decades of real estate experience, in addition to extensive, direct retail industry experience. Barish draws on a successful career in retail, most notably as a retail jeweler. Directly prior to joining the company, he served as a real estate salesperson for Breslin Realty. There he was involved in various commercial real estate sales and lease transactions with a strong focus on the leasing and sales of restaurants. He has been instrumental in meeting the real estate needs of national brands such as Quiznos, Arby's, Planet Wings, Denny's, and Hurricane Grill, as well as the needs of well-known New York City restaurateurs including Croxley Ales and McFadden's. His track record also includes successful transactions in other market sectors on behalf of leading retailers such as Pets Warehouse and MetroPCS. Pliskin is one of the leading real estate brokerage, property management and investment firms in the New York-metropolitan region specializing in retail real estate. Pliskin is one of the most active brokerage firms representing a wide range of properties, from the largest shopping centers to smaller, strip centers and standalone properties.
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.