85,000 s/f industrial lease inked in W'burg.Kalmon Dolgin Affiliates' Linda Wong has arranged two long-term leases totaling 85,000 square feet at 1150 Metropolitan Avenue in the Williamsburg section of Brooklyn, NY, bringing the one-story industrial warehouse property to 100 percent occupancy. Neil Dolgin, executive vice president of Kalmon Dolgin Affiliates, made the announcement. Hai Da Trading Inc. and J&P World Trading, both importer/wholesalers of general merchandise including toys and hobby crafts, have leased 45,000 and 40,000 square feet, respectively. Both lease terms are for 10 years. "The growing popularity of dollar and bargain stores throughout New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. and its suburbs have created increased demand for a wide variety of affordable general merchandise," said Ms. Wong, who represented both the tenants and the owner, Manhattan Poly Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , in these transactions. "These leases represent an expansion in Brooklyn for J&P World Trading and a relocation RELOCATION, Scotch law, contracts. To let again to renew a lease, is called a relocation. 2. When a tenant holds over after the expiration of his lease, with the consent of his landlord, this will amount to a relocation. and expansion for Hai Da Trading, which was formerly located in Jamaica, Queens Jamaica is a neighborhood in the borough of Queens in New York City. It was settled as a town by the English under Dutch rule in 1656 in New Netherland. The neighborhood is part of Queens Community Board 12. ." |
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