News: Brokerage

Prohealth to open urgent care facility at The Feil Organization's Glen Oaks Shopping Center

ProHealth has signed a lease to occupy 259-27 Union Turnpike located in the Glen Oaks Shopping Center in the Glen Oaks section, according to The Feil Organization, the center's owner and manager. The agreement brings the open-air project to 99%leased. The medical services provider will occupy 10,913 s/f at the east endcap of the 187,650 s/f center and is expected to open in March. The rent was not disclosed. The tenant is renovating the façade and expanding the existing space to increase its frontage on Union Turnpike. "ProHealth is the perfect urgent care medical facility to fill a void in the marketplace and continue our goal to bring quality services to the area. The location made a great deal of sense for ProHealth with their headquarters located in nearby Lake Success," said Nicholas Forelli, director of leasing of The Feil Organization, who represented the landlord. ProHealth was represented by Todd Cooper of Ripco Real Estate. ProHealth is one of the largest integrated physician group practices in the New York metropolitan area, with offices throughout New York City and Long Island. Its state-of-the-art medical facilities are equipped with the most advanced technology available offering patients a variety of services and treatments. In December 2013, North Shore-LIJ CareConnect, the health system's newly established insurance company, announced that ProHealth Care Associates and its affiliates have joined CareConnect's provider network. This adds to the importance of ProHealth to this area. Located between 255th Street and 260th Street on heavily trafficked Union Turnpike, Glen Oaks Shopping Center consists of three buildings over a five-block span. It is situated close to the Queens/Nassau County border, making it accessible to a population of 767,114 people within a five-mile radius, boasting an average household income of more than $105,000. "This center is situated in a very busy area bordering Eastern Queens and Western Nassau County, which gives it exposure to the high density Queens population along with the high income demographic of Nassau county," Forelli added. Shoppers can reach the center from the Q46, QM5, QM6 and QM8 buses, the Littleneck, Cross Island and Grand Central Parkways, and Interstate 495 (the Long Island Expressway). Other retailers at the center include anchors Burlington Coat Factory and Waldbaums, Mandee, Duane Reade, Petland, McDonald's, Subway, Sleepy's, HSBC, and Chase Bank are also part of this prestigious group of tenants.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account