NAI Friedland brokers a $4.017 million sale and three leases totaling 60,600 s/f
March 19, 2010 - Brokerage
The industrial division at NAI Friedland completed a $4.017 million sale and three leases totaling 60,600 s/f. The deals include the following:
* Sale of 66,600 s/f at 1101 Zerega Ave. for $4.017 million. NAI Friedland executive VP Peter Cokin represented the purchaser, Hellman Electric & Traffic Works. Cushman & Wakefield represented the seller, Verizon.
* A three-year lease of 50,000 s/f of land with a garage building at 10 Hermann Place, Yonkers. Cokin negotiated the renewal between PJ Herman, Inc. (landlord) and Royal Coach Lines (tenant).
* A 2,500 s/f lease at 40 Pleasant St., New Rochelle. NAI Friedland industrial associate Jeff Clinton represented both Wodraska Roofing (landlord) and SCS Building Supply (tenant).
* A five-year lease of 8,100 s/f at 37 Ramland Rd., Orangeburg. NAI Friedland industrial associate Alan Zucco represented the tenant, LTS Chemicals. Lynn Teger from Teger Commercial represented the landlord, BNM Properties. The asking rent was $4,100.