News: Brokerage

Raos of New York Commercial Realty Group sign Healy Electric to 16,750 s/f at Simone’s 1 Zeiss Dr.

Thornwood, NY Simone Development Companies said that Healy Electric Contracting has signed a new lease for 16,750 s/f of space at 1 Zeiss Dr.

Ownership was represented by Michael and Frank Rao from New York Commercial Realty Group (NYCRG) and the tenant was represented by William Cuddy from CBRE.

“We are very pleased to welcome Healy Electric Contracting to our growing roster of tenants at 1 Zeiss Dr. who are attracted to the many benefits this outstanding building has to offer in terms of practical facility needs as well as amenities” said Josh Gopan, vice president of leasing for Simone Development Companies.

Located on over 12 landscaped acres, 1 Zeiss Dr. is a 120,000 s/f, two-story industrial/flex/office building. The elevatored building features six loading docks, three drive-in doors, 14’-18’ ceiling heights, direct loading from the second floor with two overhead doors, and 190 parking spaces in a campus-like setting with an atrium lobby, conference rooms, cafeteria, and office space. Current tenants include Home Depot, DiBari Engineering and Piedmont Plastics.

The building currently has approximately 55,000 s/f of warehouse and office space on the second floor available with flexible divisions remaining. The second-floor space features reinforced floor loads and two drive-in doors.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

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,
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