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Posted: December 22, 2014
Richard Cohen, Ashlind Properties
What was your most notable project, deal, transaction or personal achievement in 2014?
The 15-year lease renewal for one of Long Island's largest buildings on behalf of ELM Global Logistics. ELM renewed its lease for 542,000 s/f on 30.5 acres at 50 Emjay Blvd., in Brentwood, after considering relocating out of state. It received an economic benefits package from the Town of Islip Industrial Development Agency to stay at the site and keep 250 jobs on Long Island. The lease was the largest industrial real estate transaction on Long Island signed in 2104. The landlord, Brentwood Steel LLC, an affiliate of Bethpage-based Steel Equities, was self-represented in the lease renewal by Joseph Lostrito.
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