Schneiderman of NAI Friedland brokers three deals in metro area

Ross Schneiderman, senior executive VP of NAI Friedland Realty, closed three deals (a $4 million sale and two leases totaling 63.500 s/f) in the metro area by matching clients and properties in industries that are doing well despite the economy. Schneiderman's deals included the sale of a 50,000 s/f property at 16 Harrison Ave. to Kimber Manufacturing for $4 million; the long-term lease of 23,500 s/f of warehouse distribution space at 920 East 149th St., Bronx, to Anfesil LLC; and a long-term lease for 40,000 s/f of space with high ceilings and multiple loading docks at 1 Hughson Rd., Carmel, to Collins Brothers Moving. "Because of the economy, we faced several challenges in closing these deals," said Schneiderman. "The sale of the Yonkers property was delayed by over nine months due to tight lending conditions and a market that continued to slow, necessitating a drop in the seller's asking price." Schneiderman said, "The Bronx space was highly attractive to the tenant because of its size and proximity to Manhattan and major highways. Nonetheless, that deal too encountered a six month delay while the details were worked out. Collins Brothers Moving in Carmel works with major hotels, corporations, and convention centers and wanted to build its own space, but tough zoning regulations and the time frame influenced its decision to lease instead." "The client who requires little or no financing is king in today's market," said Tony Lembeck, NAI Friedland Realty's COO. "Our brokers excel at finding those clients in industries that are continuing to grow and locating suitable properties that meet their needs, no matter how large or small the client is." Schneiderman said, "Small transactions now can turn into larger deals down the road. Integrity has been a pillar of the firm since its inception more than 35 years ago. If a small franchise expands a few years from now, and I took care of them well in the beginning, they'll come to me first." Schneiderman predicts that the commercial real estate market will continue to grow, albeit at a slower pace. "People became accustomed to growth rates of 10 to 15%, which are unrealistic and not sustainable long-term. Steady low single digit growth is realistic to expect in the months and years to come." NAI Friedland Realty Inc., founded in 1970, is a full service commercial real estate firm covering the entire metropolitan New York area, with a majority of its business in Westchester County and the Bronx, but additionally in Putnam and Rockland Counties, New York City, Connecticut, and New Jersey. Headquartered in Yonkers, Friedland also maintains a satellite office in Manhattan. Friedland sales staff members strive to provide guidance and information that enables clients to make the best lease or purchase decisions. Brokers in Friedland's four divisions: retail, industrial, office, and residential/development, understand their markets and are supported by a sophisticated computer database of available properties and potential tenants. Friedland is a member of NAI, the only managed network of commercial real estate firms in the world. Visit their website at www.friedlandrealty.com.