Melville, NY The Feil Organization negotiated a new lease agreement with Nationwide Mortgage Bankers, Inc. (NMB). NMB will occupy 28,552 s/f office at 1305 Walt Whitman Rd., a class A office property in the town’s business district on Long Island.
“NMB had a clear vision for what they needed, and 1305 Walt Whitman Rd. was a natural fit,” said Andrew Wiener, head of commercial leasing for The Feil Organization. “Their decision to establish a presence here reinforces the building’s status as a premier business destination.”
“We are delighted to welcome NMB to 1305 Walt Whitman Rd.,” said Tim Parlante, director of leasing for the Feil Organization.“This significant lease reflects a shared vision for dynamic and well-located office spaces that foster collaboration and productivity. We look forward to supporting NMB’s growth and watching them thrive in their new location.”
“1305 Walt Whitman Rd. stood out immediately as the right fit for our team and future,” said Richard Steinberg, founder and chairman at NMB. “The location, quality of space and ability to move in seamlessly made this an easy decision. We’re excited to begin this next chapter in a modern, collaborative environment that reflects who we are and where we’re headed.”
1305 Walt Whitman Rd. is a three-story, 165,000 s/f, class A office. The building offers access for commuters to the Long Island Expwy. and Northern State Pkwy. 1305 Walt Whitman Rd. is across from the Marriott Melville Long Island Hotel and is near restaurants and retail options within the town. Recently, Feil secured a 25,000 s/f lease with The Long Island Board of Realtors and a 6,735 s/f renewal extension with Medigap Life LLC.
NMB was represented by Joseph Lopresti from JLL. The landlord was represented in-house by Andrew Wiener and Tim Parlante.
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.