West Babylon, NY ShopOne Centers REIT Inc., a leading owner, operator and manager of high-quality grocery-anchored shopping centers, has acquired Hubbards Commons, a 65,970 s/f shopping center for $17 million. The purchase marks ShopOne’s first shopping center in New York, as it continues to grow..
East Garden City, NY According to RIPCO Real Estate, Century 21 Stores has signed a 68,000 s/f lease at Simon Property Group’s Roosevelt Field. RIPCO vice chairman and principal Gene Spiegelman represented Century 21 Stores, his sixth deal with the retailer and third with Simon. The landlord rep was not disclosed.
Mineola, NY ACC Real Estate Services, Inc. has brokered three sales totaling $7.455 million. The first deal was the $4.2 million sale of a 20,000 s/f building at 155 First St., Mineola. The seller was David Liestman of Koeppel Martone Leistman. This buyer of this property was Michael Ambrosino of Ambrosino Consultant Corp.
Q: Brokers seem to quote space as both useable and rentable s/f. Would you please explain rentable and useable s/f, and how are they both calculated?
A: The space that a tenant can actually use is called “useable,”
Medford, NY Richard Cohen, president of Ashlind Properties, an industrial/commercial realtor, arranged two leases totaling 46,200 s/f and a $4.6 million sale. The deals include the following:
Garden City, NY According to Breslin Realty, Justin Breslin (second-year Hofstra Law student and grandson of Wilbur Breslin, chairman of the board of Breslin Realty) has brokered two long-term leases with Greek Xpress totaling 3,158 s/f...
West Babylon, NY Upper Restoration, a restoration and cleaning company serving Long Island, the five boroughs of New York, New Jersey, Pennsylvania and Connecticut has purchased a 7,000 s/f warehouse...
Melville, NY Racanelli Construction Company, Inc. has completed a 3,998 s/f, single-story building project on behalf of TD Ameritrade Holding Corp. The interior fit-out project, for which Racanelli served as the general contractor....
Bay Shore, NY CBRE has arranged the sale of Fairfield Courtyard at Bay Shore – a 232-apartment workforce housing community. The CBRE team of Jeffrey Dunne, Gene Pride and Eric Apfel represented the owner...
Hicksville, NY T.M. JASME EAST, LLC has purchased properties located at 96-102 N Broadway, 1-3 Newbridge Rd. and 29 Williams St., from RIARK, LLC for $6.625 million at 6.5% cap rate through a 1031 exchange.
