News:
Brokerage
Posted: December 12, 2023
Simone Development Companies leases 31,255 s/f to Fleet Pump & Service
White Plains, NY Simone Development Companies said that Fleet Pump & Service Group Inc. has renewed a long-term lease for the entire 31,255 s/f industrial building at 455 Knollwood Rd.
Josh Gopan, vice president of leasing, and Sean Heneghan, assistant general counsel, represented Simone Development in the lease transaction. Rick Rakow of Rakow Commercial Realty Group represented Fleet Pump & Service Group in the lease negotiation.
“Fleet Pump & Service Group is a long-time tenant of this building. We are very pleased to have them renew another long-term lease. This building is conveniently located minutes from the I-297 corridor and downtown White Plains,” Gopan said.
Founded in 1974, Fleet Pump & Service Group’s line of business includes providing plumbing, heating, air-conditioning, and similar work.
Tags:
Brokerage
MORE FROM Brokerage
Liberow and Benshar of Asset CRG Advisors arrange $18.1 million ground lease transaction for 358 Flatbush Ave. development site
Brooklyn, NY Asset CRG Advisors recently facilitated the disposition of 358 Flatbush Ave., a Brooklyn development site situated at the intersection of Park Slope and Prospect Heights overlooking Grand Army Plaza and Prospect Park.
Quick Hits
Columns and Thought Leadership
A fresh start - by Shallini Mehra and Amit Doshi
For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
AI comes to public relations, but be cautious, experts say - by Harry Zlokower
Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,
Strategic pause - by Shallini Mehra and Chirag Doshi
Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
