News: Long Island

Rosner and Crawford of NAI Long Island lease 1,869 s/f at West Shopping Center

East Setauket, NY Managing principal Lee Rosner and senior director Neil Crawford of NAI Long Island negotiated a long-term lease agreement for 1,869 s/f of completely renovated restaurant space to Chico’s Tex Mex at West Shopping Center, 198-250 Rte. 25A.

Chico’s Tex Mex is an expanding business offering fresh cuisine. Chico’s opened its flagship location in Selden. This will be the second brick and mortar location for Chico’s.

NAI Long Island is the exclusive leasing agent for the West Shopping Center.

 as well as the property management company responsible for its well-maintained appearance.

The property is anchored by Walgreens, Wild by Nature and Starbucks, located adjacent to Stop and Shop with common driveways and access. 

The property is located 1.2 miles from Stony Brook University and 2.6 miles from Stony Brook Hospital. 

West Shopping Center is located east of Nicholls Rd. with access to major roadways including NY 347 as well as access to Stony Brook’s Long Island Railroad Station.

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The evolving relationship of environmental  consultants and the lending community - by Chuck Merritt

The evolving relationship of environmental consultants and the lending community - by Chuck Merritt

When Environmental Site Assessments (ESA) were first part of commercial real estate risk management, it was the lenders driving this requirement. When a borrower wanted a loan on a property, banks would utilize a list of “Approved Consultants” to order the report on both refinances and purchases.