News: Long Island

Sabre Real Estate Group named exclusive broker for Pet Valu in Long Island - Siano and Naeder to lead

According to Sabre Real Estate Group LLC, Pet Valu, a Canadian-based specialty pet supplies retailer, has retained Sabre as its exclusive broker on Long Island. "They have a very unique concept - they are the Whole Foods of pet food and supplies— and will be well received on Long Island," said Sabre managing principal Jayson Siano, who is spearheading the search along with Sabre director Melissa Naeder. "Healthy alternatives for people are becoming the norm and Pet Valu's success is affirmation that it translates to pets as well." Pet Valu is seeking locations in strong communities in dominant neighborhood shopping centers anchored by organic grocers or leading supermarket chains. Space requirements range from 2,000 to 5,000 s/f. The company, founded in Markham, Ontario, in 1976, has been expanding in the U.S. from Virginia to Connecticut since 1995. The stores offer more than 7,000 premium, holistic and organic pet foods, treats and supplies. The majority of the products that Pet Valu offers are not sold in supermarkets or big-box pet stores. The stores do not sell pets. Owned by the Atlanta-based private equity firm Roark Capital Group, Pet Value plans to open 30 new U.S. stores this year, bringing its total in operation in the U.S. to 100. The company operates more than 400 stores throughout North America. Founded by Kenneth Breslin and Jayson Siano, experienced retail real estate professionals, Sabre Real Estate Group is a full-service retail real estate brokerage company focused on tenant and owner representation. Sabre also offers retail, restaurant and franchise consultation services, investment sales and property management.
MORE FROM Long Island

Suffolk County IDA supports expansion of A&Z Pharmaceuticals

Hauppauge, NY The Suffolk County Industrial Development Agency (IDA) has granted preliminary approval of a financial incentive package that will assist a manufacturer in expanding its business by manufacturing more prescription (Rx) pharmaceuticals in addition to its existing over-the-counter
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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.