News: Long Island

Zere Real Estate completes 2008 with 94,000 s/f of lease transactions

Deals are still being done in Suffolk County, Long Island "The mortgage crisis, the Wall Street debacle and the presidential election all have been distractions and a real crises for business owners, but despite this companies still need to operate and function during these turbulent financial times, whether it is to relocate or downsize their operations. We service our customers' needs discreetly and move like lightening to accommodate their special requests and business deadlines," said Michael Zere, executive vice president, Zere Real Estate Services. Recent industrial leasing deals completed by Michael Zere are as follows: 25,000 s/f - National Distribution Alliance, Ronkonkoma; 9,000 s/f - Distinctive Mailing Services, Inc., Bohemia; 8,000 s/f - D &C Mailing & Fulfillment, Bohemia; 6,500 s/f - Long Island Sports Academy, Bohemia; 3,700 s/f - Erfolg Inc., Medford; 3,600 s/f - Alladin Auto Solutions, Bohemia; 3,000 s/f - Dunwell Maintenance, Bohemia; 2,500 s/f - Apria Healthcare, Holbrook; 2,100 s/f - Aviano Enterprises, Bohemia; 2,100 s/f - Symmetry Holdings Inc., Bohemia; 2,000 s/f - National Fire & Water Restoration; 2,000 s/f - Tristate Building Services, Inc. "Commercial office demand is down and the entire market for office has been soft over the last year. Customers have been apprehensive with long term leases and aggressive rent escalations, but despite this I managed in the final quarter to finalize a handful of office leases to the delight of several grateful landlords," said Michael Zere. The office deals completed are as follows: 10,000 s/f - One Source Document Management, Ronkonkoma; 3,500 s/f - Hope Fitness Corp., Bohemia; 2,500 s/f - Law Offices of Mario DeMarco, PC, Ronkonkoma; 2,000 s/f - M&C Abstract Corp., Smithtown;1,200 s/f - Steinberg, Fines, Berger & Fishoff, PC, Centereach; 1,200 s/f - Wolf Money Management, Ronkonkoma; 1,200 s/f - Vision Marketing, Inc., Ronkonkoma; 1,200 s/f - North Shore Networks, Bohemia; 1,000 s/f - Water Edge Advisors, Inc., Bohemia "In 2009 we can all anticipate a rough year in commercial leasing and sales transactions. Customers need the extra hand holding, advice and professional expertise that only comes with an experienced commercial real estate broker. Now more than ever, a good broker is needed to guide a deal and put together a creative leasing package," said Marie Zere, president & CEO, Zere Real Estate Services.
MORE FROM Long Island

Suffolk County IDA supports expansion of A&Z Pharmaceuticals

Hauppauge, NY The Suffolk County Industrial Development Agency (IDA) has granted preliminary approval of a financial incentive package that will assist a manufacturer in expanding its business by manufacturing more prescription (Rx) pharmaceuticals in addition to its existing over-the-counter
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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.