For 25 years, Axis Construction Corp. has been recognized as an innovator in construction, design, and management services – consistently raising the industry standard for the building community. Axis has been honored with numerous awards in the past and has recently...Central Islip, NY
JRI 28CI LLC, a New York City-based real estate investment group, has purchased a retail property for $8 million from Pandem Enterprises. The 13,000 s/f retail building is located on 1.31 acres at 2-8 East Suffolk Ave. and has a NNN leased CVS drugstore as the tenant. Adam Silber of Silber Investment Properties (SIP) represented the buyer,Bethpage, NY
Hunt Corporate Services, Inc. has brokered the sale of 11 Union Ave. to the U.S.A., acting by and through the Naval Facilities Engineering Command. Naval Facilities plans to develop the 1.25-acre site and erect a water treatment plant. David Hunt of Hunt Corp. Q: We have owned a 50,000 s/f warehouse building that houses our distribution business for many years. What is the best way to unlock the equity in the building in this hot real estate market?
Central Islip, NY
Richard Cohen, president of Ashlind Properties, an industrial/commercial Realtor, has arranged an 85,000 s/f warehouse lease. He represented the tenant, Elm Freight Handlers, who will occupy 555 N. Research Place. The space consists of two separate units...Sag Harbor, NY
Joshua Roth, vice president, retail leasing for Manhattan Skyline Management Corp. has arranged two Long Island retail leases totaling 3,650 s/f. In the first lease, Sag Harbor Books, a new bookstore founded and operated by local resident and bookseller Daniel Hirsch...Water Mill, NY
RD Management LLC, a privately held real estate development and management organization, along with Ripco Real Estate had arranged a lease for Provisions Natural Foods Market & Cafe at The Mill. Provisions will occupy a 7,168 s/f building at the 29,314 s/f shopping centerJericho, NY
Mojo Stumer + Associates was the architect and interior designer for The We’re Group’s 27,000 s/f lobby renovation project at 100 Jericho Quadrangle. Mojo Stumer transformed existing entry lobbies, elevator lobbies, corridors and other public spaces in the large multi-tenant office complex.
Racanelli Realty Services, Inc. has completed a $1.2 million capital improvement project on a property it has managed since its inception in the early 1980s. The one-story, professional and medical office condominium property located at 200 Motor Pwy. consists of 70,000 s/f on a seven-acre site.Woodbury, NY
Construction activity at Kensington Estates, Triangle Equities’ new 55-and-over community has taken a major step forward in recent weeks with excavation work completed and foundation pouring currently underway. Model units are on track to be finished later this year...