Zere Real Estate Services and Corporate Realty Services to handle 66 acre subdivision

Suffolk County has something to crow about, the newly completed Empire Corporate Park ready for development in the Town of Brookhaven Empire Zone in Medford. This conveniently located business park off Exit 65 of the LIE gives new hope for companies that want to expand on Long Island and affirms that business is alive and well on the border of eastern Long Island. This 66 acre subdivision is being handled by two well known top commercial firms that specialize in site development, Corporate Realty Services and Zere Real Estate Services. "The real strengths behind a co-exclusive benefits the owner of a property most of all. The "expanded" team not only doubles the marketing efforts but creates an excitement among the brokerage community encouraging cooperation and friendly competition. " Marie Zere, President & CEO, Zere Real Estate Services. Zere said "My real estate experience spans five recessions and 33 years exclusively in commercial real estate. Each and every time, industrial requirements were the strongest, while the office and retail markets waned. Empire Corporate Park is 'ready to go' with the roads and infrastructure in place unlike other subdivisions that do not have approvals or improvements that takes years to complete. The marketing of this property is perfectly timed for the next wave of build-to-suits in 2010 through 2013. Having an industrial park that has sewer capacity is a huge advantage in a county that has less than 30% of its land with infrastructure in place for sewers. For a company to own a parcel of land that has access to sewers increases the value of the property, gives the owner the ability to build twice the size building on a site, allows certain types of industrial users to come into the area that require sewers while protecting the groundwater and environment." "Building from the ground up in an Empire Zone in the Town of Brookhaven can save a company up to 60% of the cost of construction when maximizing the benefits to a manufacturer over a ten year period. To put it simply, towns are not likely to roll the taxes back on a property; however, with a new project, they can freeze the taxes for the real property with the owner paying taxes only on the land." John O'Hara, president Corporate Realty Services has over 14 years of commercial real estate experience and he has closed over 60 build-to-suits for his customers and has a team of professionals covering the build to suit process including: architects, attorneys, financial consultants and general contractors that streamline the entire build to suit process to a turn key situation. "A few of the benefits of purchasing industrial property on Long Island with sewers is that the Empire Corporate Park is in the hydrological sensitive zone and coverage with sewers is 35% compared to property without sewers which is 17.5 %, therefore on one acre of land you can have 15,000 s/f building versus a 7,500 s/f building. Industrial property with sewers affords a greater number of uses such as industries that require high water usage such as food processing, and laundry services, etc. In addition, sewers streamline the permit process, eliminating the need for Health Department approval for a septic system." "We have always tried to provide savings to our customers through various agencies; empire zones, industrial development agencies, small business administration, and job development agencies." Michael Zere, executive vice president of Zere Real Estate Services has over 18 years in commercial real estate and had this to say, "I am very enthusiastic about offering my customers the option of building a custom stand alone building parallel to a 42 acre industrial park that my family once built and owned. I have continually leased space adjacent to this new business park on Industrial Boulevard for more than 15 years. We will assist you every step of the way. With a private confidential consultation and preliminary site plan, a turnkey project can be delivered. Creative financing is available with SBA, JDA, IDA with up to 90% financing." Leo Farrell, vice president, Corporate Realty Services has over 13 years in commercial real estate. "To get started and qualified for the development process a company looking to build a build to suit first must assess their needs for a building and select the land parcel that is most suitable. Next, they should meet with their lender to qualify for financing and then meet with an economic development team in the Town of Brookhaven to see which benefits they qualify for. From there, it's just a matter of selecting a builder, constructing the building and moving in." Michelle Marie Zere, executive VP, Zere Real Estate Services has over 24 years in the commercial real estate industry had some thoughts on this new development. "This new corporate park is the most exciting new development project for eastern Suffolk County with unmatched tax incentives that will offset the cost of construction. If a company gives New York State and the Town of Brookhaven a chance to match the incentives offered by other states, they would not be tempted move out of state and continue to grow their businesses on Long Island."