March 17, 2008 -
Long Island
Greiner-Maltz has been awarded a 7 building portfolio, totaling 190,000 s/f, situated in Farmingdale and Plainview, near Rte. 110 and the Long Island Expressway.
These properties, which are substantially fully-leased, contain a variety of retail and warehousing tenants. The current projected income of over $2 million can be significantly enhanced when a portion of the current leases expire. The package is being offered at a significant discount to the individual property values.