Month: January 2015

Inked: Recent Long Island Real Estate Deals

170 Michael Drive, Syosset

Stark Carpet, which specializes in high-end carpets, rugs and textiles, has leased 17,500 square feet at 170 Michael Drive in Syosset. The company is relocating from a 5,000-square-foot space nearby. Jeffrey Jurick and Jeff Schwartzberg of Woodbury-based Premier Commercial Real Estate represented the tenant and the landlord, Taub Development, in the lease transaction.

135 Fell Court, Hauppauge

Vicon Industries, a designer, manufacturer and marketer of video systems and components used for security, surveillance and safety purposes, has leased a 30,185-square-foot building at 135 Fell Court in Hauppauge. The company is relocating from Edgewood, Jack O’Connor and Robert Polito of Newmark Grubb Knight Frank represented the tenant and Harry Stavro was the in-house representative for landlord Rechler Equity Partners in the lease negotiations.

170 Wilbur Place, Bohemia

Bradley Marketing Group has leased 15,000 square feet at 170 Wilbur Place in Bohemia. The company, which specializes in websites, promotional products, printing, warehousing and creative design, is relocating from 135 Fell Court in Hauppauge, Richard Cohen of Ashlind Properties represented the tenant and Harry Stavro was in-house representative for landlord Rechler Equity Partners in the lease transaction.

999 Stewart Ave., Bethpage

Pro Unlimited, a workforce management service provider, has renewed its lease for 10,643 square feet at 999 Stewart Ave. in Bethpage. Pro, based in Boca Raton, Fla., has six offices worldwide, with Bethpage as the company’s Northeast headquarters. Ralph Guiffre and Robert Seidenberg of CBRE represented the tenant and Wachtler Knopf Equities represented landlord Sterling Equities in the lease renewal.

65 Knickerbocker Ave., Bohemia

TJK Properties has bought a 17,000-square-foot industrial building at 65 Knickerbocker Ave. in Bohemia for $1.million. Michael Zere of Zere Real Estate Services represented the buyer and the seller, DIC Corp., in the sales transaction.

1419 Osborne Ave., Riverhead

Eastern Baseball League has leased 2,150 square feet of retail space at 1419 Osborne Ave. in Riverhead. Kevin Welsh of Zere Real Estate Services represented the tenant and Dennis McCoy of NAI Long Island represented the landlord, Perusso, in the lease negotiations.

165 and 195 Froehlich Farm Blvd., Woodbury

Leon Chiropractic Method and Health Solutions leased 1,564 square feet at 195 Froehlich Farm Blvd. in Woodbury and Dr. Karen Schwartz, an endocrinologist, leased 1,937 square feet nearby at 165 Froehlich Farm Blvd. Jeff Jurick of Premier Commercial Real Estate represented the tenants and Carlton Wenz was the in-house representative for landlord RXR Realty in the lease transactions.



Jeffrey Schwartzberg, Premier Commercial Real Estate

What was the best thing that happened to you or your firm in 2014?

As a new firm, founded in October 2013, we have proudly begun to build a solid foundation and reputation as one of the top commercial real estate brokerage and consulting firms on Long Island.

And as one of the “easiest to do business with.”

What was your most notable project, deal, transaction or personal achievement in 2014?

The establishment of Premier Commercial Real Estate and our Website to assist our customers and fellow “Brokerage Partners”, in all aspects of our profession; whether Tenants, Brokers, Owners or purchasers. We believe, more than anything else, “Timing” is the most important and critical dynamic in Commercial Real Estate. And along that line, we are confident that our “Timing” is perfect for creating a unique company that has the skills, talent and professionalism to satisfy todays participants.

What are you looking forward to accomplishing in 2015?

Building upon our recent and substantial successes. We are a highly skilled and experienced, professional organization prepared to support the most complex challenges in a simple and direct fashion.

What are some of your real estate predictions for 2015?

2015 is expected to be another active year for both purchases and leases. We expect interest rates will probably rise a bit, which should act as an additional catalyst for continued strong demand to purchase buildings. In other words, we expect even stronger demand from any purchasers who have been “watching from, and waiting, on the sidelines” as they will realize that continuing to wait may not be in their best interests as rates begin to rise. An “interesting dynamic” that we feel, is likely to occur in the upcoming year. Additionally, we believe strong leasing demand will result in greater challenges for Tenants who will seek our services to assist them in securing space with the greatest value to support their business requirements.