Leone, Leviton and Greenspan of CBRE secure 50,000 s/f lease

In a transaction arranged by CBRE, the U.S. General Services Administration on behalf of the Federal Emergency Management Agency (FEMA) has inked a 50,000 s/f warehouse lease at Nassimi Realty's 2500 Marcus Ave. The federal agency will utilize the space to house supplies intended to assist all of those affected by superstorm Sandy, which devastated the Northeast region. 2500 Marcus Ave. is a 135,000 s/f, mixed-use condominium property with a warehouse with a 20-ft. ceiling clearance. The property is less than one mile from two major arteries - the Long Island Expressway and Northern State Parkway - making its central location ideal for FEMA's work in the region. The CBRE Long Island team of Paul Leone and David Leviton represented the ownership of the warehouse portion of the property, Nassimi Realty. Mark Greenspan of CBRE acted on behalf of FEMA. "Working closely with the ownership, GSA and FEMA, we were able to respond swiftly and completed the lease in just a few days," said Leone. "This timing was ideal for FEMA and shows ownership's ability to react quickly to the agency's space requirements." Kevin Nassimi of Nassimi Realty said, "All sides were able to work cooperatively to accommodate FEMA's immediate warehouse needs in response to helping those affected by superstorm Sandy." CBRE Group, Inc., a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services firm (in terms of 2011 revenue). The company has 34,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting.