News: Long Island

Tsiolis of Long Island Industrial arranges 36,000 s/f lease renewal; For Perfume center of America at 99 Lafayette Drive, Syosset

According to Long Island Industrial, which owns and operates a mixed portfolio of commercial properties across Long Island, the Perfume Center of America has renewed their lease for 36,000 s/f at 99 Lafayette Dr. Tommy Tsiolis, director of leasing for Long Island Industrial, represented both Long Island Industrial and the Perfume Center of America in the renewal. The Perfume Center of America, a worldwide wholesaler of perfume and perfume products for almost two decades, previously held 11,000 s/f at 79 Express St., another Long Island Industrial Property, before moving to 99 Lafayette Dr. last year. The company is headquartered at 100 Commercial St. in Plainview. "This latest renewal is a testament to the growing demand for quality industrial space in Long Island," said Tsiolis. "We are thrilled to continue our relationship with the Perfume Center of America and look forward to continuing to provide the highest level of service." Located off of Jericho Tpke. between Rtes. 135 and Rtes. 106 and 107, 99 Lafayette Dr. provides access to all transportation routes and is in close proximity to Long Island Railroad's Syosset Station. The 220,000 square-foot, multi-tenant industrial building is situated on an 11-acre property with ample parking. It is strategically positioned in central Syosset in a thriving business community with a well-educated work force and is adjacent to lodging and shopping. The Perfume Center of America is a customer oriented wholesale distributor, and the largest wholesaler of perfume and perfume related goods. The company prides itself on its large inventory with prompt delivery of quality products to our clients. With more than 15 years of experience in the wholesale perfume industry, the Perfume Center of America leads the industry with selection, pricing, order fulfillment and overall client satisfaction. About Long Island Industrial The preferred provider of Long Island commercial real estate, Long Island Industrial is consistently the top choice for companies seeking premium commercial space within Nassau and Suffolk counties. Its portfolio includes a mix of 36 office/flex, retail, R&D, industrial, and warehouse sites varying in size from 14,000 to more than 235,000 square feet in locations such as Ronkonkoma, Deer Park, Farmingdale, Hicksville, Huntington, Plainview, Syosset, and Yaphank. The company offers a variety of services including buying/selling, leasing, property management, financing and consulting, site selection, and strategic planning. For more information, please visit: www.longislandindustrial.com.
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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.