Long Island Commercial Property News and Press Releases

Coldwell Banker Commercial Announces 1,300 SF Office Lease, Wading River, NY

Sep 01 2008
Lee Rosner, Managing Principal of Sutton Associates, a private investigation firm, leased a 1,300-square-foot office unit in the 28,000 SF Northwind Professional Center, Wading River. The space is located at 5964 Rte 25A, Wading River. Sutton Associates, a well established private investigation firm, has relocated a portion of their existing business from Nassau County to Suffolk County's Northwind Professional Center in Wading River. It is the premier professional office park in the Greater Wading River submarket. The five year old Northwind Professional Park is now 100% leased. Sutton Associates relocated to Northwind to reduce commuting time and expenses for its employees and a key partner.

15,000 SF Ronkonkoma Industrial Sale to Private Investor

Aug 13 2008

Lee Rosner, Managing Principal of Coldwell Banker Commercial Rosner & Associates today announced an Industrial Sale Transaction in Ronkonkoma, NY. 85 Remington Blvd., Ronkonkoma is a 15,000 SF free standing industrial building leased to a single tenant; Apollo Display Technologies. Apollo is a German owned manufacturer and distributor specializing in LCD technology.

In June 2008, Richard Eicher, former owner and founder of Apollo Displays and the property owner since 2001, hired Lee Rosner, CCIM SIOR of Coldwell Banker Commercial Rosner and Associates on an exclusive basis to sell the property. A contract of sale was signed with a private investor within 45 days from the listing date, and a closing took place approximately 75 days from the date of contract. Rosner represented the property owner and former principal owner of Apollo Display Technologies. Edward Pidgeon, SVP of AIRECO Real Estate Corp. represented the Long Island based investor. The sale price was $1,600,000 (107 PSF).

Coldwell Banker Commercial Rosner & Associates Announces 2,650 SF Office Lease

Jul 01 2008
Christian Smith, Associate of Coldwell Banker Commercial Rosner & Associates today announced a 2,650 SF office lease transaction in Centereach. Mr. Smith is the Exclusive Leasing Agent for Briscoe Plaza. Briscoe Plaza is a 12,000 SF Three (3) story office building located in the heart of the Centereach Business District, just off of Middle Country Road. Briscoe Plaza offers an ideal setting for many professionals. The property is now 100% leased. ALAC Contracting Corp. and Newborn Construction Inc. leased two contiguous office suites. Both companies were recently awarded contracts with New York State DOT to oversee an extensive highway improvement project to Middle Country Road from Centereach to Lake Grove, NY.

Coldwell Banker Commercial Rosner & Associates Announces 9,550 SF Lease

Jun 01 2008
Christian Smith, Associate of Coldwell Banker Commercial Rosner & Associates today announced a Warehouse Lease Transaction in Plainview, NY. Huntleigh USA, a leading provider of medical beds and hygiene systems to hospitals and nursing homes leased a 9,550 square-foot warehouse in Plainview, NY. The space is located at 10 Skyline Drive. 10 Skyline is a 23,000 SF multi-tenant industrial building. Michael Hagen of Axxis Real Estate, LLC represented the Landlord. The primary criteria in the search for the warehouse space requirement was to identify a location to accommodate the consolidation of Huntleigh's Queens and Suffolk operations. Ultimately, an acceptable space was found in Plainview, just off the Long Island Expressway.

Huntleigh USA is part of GETINGE, a leading global provider of equipment and systems to customers within health care and pharmaceutical industries/laboratories. Equipment, services and technologies for infection control, operating theatres, patient hygiene, patient handling and wound care are supplied to customers throughout the world.

Law Office Leases 3,100 SF at Courthouse Corporate Center, C.I., NY

Jun 01 2008
Christian Smith, Associate of Coldwell Banker Commercial Rosner & Associates today announced a 3,100 SF office lease transaction at the Courthouse Corporate Center on Carleton Avenue in Central Islip. Kenneth J. Molloy Esq. and Richard Stettine Esq. combined their longstanding law practices and signed a lease to occupy 3,100 SF of prime office space in the 175,000 SF Courthouse Corporate Center. The attorneys chose the location for the high building quality, excellent value and its immediate proximity to the Alfonse D' Amato Federal Court Building, the Cohalan County Court Complex, Citibank Park (home of the LI Ducks) and Touro Law School.

Courthouse Corporate Center is located at 320 Carleton Avenue, less than one half mile north of the Southern State Parkway. With leasing rates at $19 per square foot, the Courthouse Corporate Center offers the most affordable high quality office space on Long Island. The Landlord provides turn-key, build to suit office space to fit tenant needs. A beautiful lobby and well-appointed common areas welcome visitors as they take high-speed elevators to upper floors. The facility has new energy efficient 'operable' windows, extensively landscaped grounds with plaza seating, Amenities include a cafe on premises, conference room, storage/archive space, and abundant on-site parking. A computerized security system allows 24/7 access to the building. The building was reconstructed into an office building in 2003.

Coldwell Banker Commercial Announces 5,900 SF Office Lease, Islandia, NY

May 31 2008
Christian Smith, Associate of Coldwell Banker Commercial Rosner & Associates today announced a 5,900 SF office lease transaction in Islandia, NY. Broadway Premium Funding Corp., a commercial insurance premium financing company leased a 5,900 square-foot office in Islandia, NY. The space is located at the Crossroads Executive Center - 1747 Veterans Memorial Highway, Islandia, NY. Broadway Premium Funding Corp. relocated from Park Avenue, New York to Islandia, LI. Most of the company's employees live in Suffolk County and the move has saved approximately 16 hours per employee in weekly commuting time. Christian Smith represented Broadway Premium Funding. Robert Seidenberg of CB Richard Ellis represented the Landlord.

Coldwell Banker Announces 3,268 Lease Transaction in Westbury, NY

Mar 31 2008
Coldwell Banker Commercial Rosner & Associates today announced an office lease transaction in Westbury, NY. RISA Management Corp., a company specializing in architectural metal products, based in Deer Park, leased 3,268 SF of office space in Parkway Plaza, a 250,000 SF Class A Office Building located at 1400 Old Country Road, Westbury. Parkway Plaza is centrally located in Nassau County with immediate access to all major highways and close proximity to retail and restaurants. It is at the intersection of Wantagh Parkway and Old Country Road. The building is efficient, cost effective, with a handsome design and appearance. It features a 5-story atrium, garden-level cafe, racquetball courts, a new supplemental heating system and on-site security.

RISA Management Corp. strives to be the premier Minority Women Owned, Disadvantaged Business Enterprise (M/W/DBE) and SBA 8(a) Company. The company€„¢s capabilities include Iron fabrication and installation, structural steel fabrication, specialty metalwork and architectural metal products. The corporation moved to expand their manufacturing office off site to the new location in Westbury. Their client list includes New York City Transit, Long Island Railroad, and Port Authority of New York & New Jersey. Ralph Raymond represented the RISA and negotiated the lease transaction directly with ownership.

Coldwell Banker Commercial Announces 628 SF Office Lease Transaction

Mar 20 2008
Coldwell Banker Commercial Rosner & Associates today announced an office lease transaction in Hauppauge. Home Instead Senior Care, is the world's trusted non-medical source of companionship and home care for seniors, with more than 800 locations in the United States, Canada, Japan, Portugal, Australia, Ireland, the United Kingdom, Spain, New Zealand, Taiwan, Switzerland and Germany. Home Instead leased a 626 SF office space at 900 Wheeler Road, Hauppauge. The company established its Suffolk County location in Hauppauge to accommodate the increase in demand for Home Health Care as the senior population on Long Island has grown.

Coldwell Banker Commercial Announces Thirteen Lease Transactions

Jan 11 2007
Commercial Rosner & Associates brokered thirteen separate office lease transactions in a span of just two months in both Nassau and Suffolk Counties to LabCorp (NYSE: LH). The lease transactions represent an aggregate rental value in excess of $2.3M. LabCorp is one of the world's largest clinical laboratories with 2007 anticipated revenues of $6.0B.


Jun 02 2006
Lee Rosner, CCIM, Managing Principal and Andy Dorman, Senior Director of Coldwell Banker Commercial Rosner & Associates brokered the sale of a 11,500 SF free standing office building at 99 Mark Tree Road, Centereach, NY for $1.625M to Briscoe Plaza Associates, Inc. Rosner and Dorman represented both the Seller, Dorothy Lea and the Purchaser.
Ralph Raymond, Associate, completed a 6,500 SF lease at 681 Grand Blvd., Deer Park to Commercial Instrumentation Services, an HVAC contractor. Raymond represented the Landlord, Giaquinto Brothers LLC and the Tenant.

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