News:
Brokerage
Posted: May 18, 2021
Zere of Zere Real Estate Services leases 10,000 s/f industrial deal
Bohemia, NY Michael Zere, senior vice president at Zere Real Estate Services completed a 10,000 s/f industrial lease for Midland Enterprises Inc., located at 35 DaVinci Dr., Suffolk County.
This building is the former site of The Home Depot distribution center located off the MacArthur Airport Business Corridor on a heavy industrial street in the transportation hub. Close to the LIRR Ronkonkoma Station, MacArthur Airport and easy access for trucking to the Long Island Expressway Exits 59, 60 and Sunrise Hwy.
Zere Real Estate Services represented both the tenant as well as the landlord, Gemina Realty Corp. in this industrial lease transaction.
“The tenant will benefit from the twenty five percent office space available, the new LED lighting and great loading options with two loading docks and a drive in door,” said Zere.
Tags:
Brokerage
MORE FROM Brokerage
AmTrustRE completes $211m acquisition of 260 Madison Ave.
Manhattan, NY AmTrustRE has completed the $211 million acquisition of 260 Madison Ave., a 22-story, 570,000 s/f office building. AmTrustRE was self-represented in the purchase. Darcy Stacom and William Herring
.jpg)
Quick Hits
.gif)
Columns and Thought Leadership
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian
Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
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,
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
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski
The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
.gif)