News: Long Island

TRITEC and the Shoppes at New Village complete two leases totaling 3,200 s/f

New Village at Patchogue -  Patchogue, NY New Village at Patchogue - Patchogue, NY

Patchogue, NY According to the Shoppes at New Village and TRITEC Real Estate Company, Inc. two leases totaling 3,200 s/f have been completed at the property. New Village at Patchogue is a mixed-use, transit-oriented development. 

In the first lease, Artisan Kaiser has signed a lease for 2,100 s/f of retail space on the Village Green. Artisan Kaiser is a limited menu, bakery style café. Schuckman Realty represented New Village and TRITEC. Artisan Kaiser is expected to take occupancy in late spring.

In the second deal, Say More Boutique has signed a lease for 1,100 s/f of retail space on Havens Ave. Schuckman represented New Village and TRITEC. The boutique is expected to take occupancy in this spring.

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The evolving relationship of environmental  consultants and the lending community - by Chuck Merritt

The evolving relationship of environmental consultants and the lending community - by Chuck Merritt

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.