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CB Richard Ellis team flies high at Airport Corporate Center.


More than 50,000 square feet in new leases were arranged during the second half of 2005 at Airport Corporate Center, a 250,000 s/f, five-building, Class-A office park in Bohemia Bohemia, Czech Čechy, historic region (20,368 sq mi/52,753 sq km) and former kingdom, in W and central Czech Republic. Bohemia is bounded by Austria in the southeast, by Germany in the west and northwest, by Poland in the north and northeast, and by , NY by the property's exclusive leasing agents, Ray Ruiz and Richard Falco of CB Richard Ellis's Long Island office.

The team was able to close 2005 on a high note by attracting a number of major tenants to the property, which boosted its total occupancy close to 97%.

Among the largest transactions completed was a 17,000 square-foot lease signed by the GSC/Kleinfelder, Inc. Other transactions consummated con·sum·mate  
tr.v. con·sum·mat·ed, con·sum·mat·ing, con·sum·mates
1.
a. To bring to completion or fruition; conclude: consummate a business transaction.

b.
 within Airport Corporate Center included Excel Abstract's expansion of 10,400 square feet of space; PFM Asset Management's 9,700-square-foot lease; Four C Management's 4,800-square-foot lease; and M&T Bank's 4,701-square-foot commitment.

The tenants will take full advantage of all the amenities offered within Airport Corporate Center including banking, on-site ownership, 24/7 on-site security and "Smart Energy" management.

In addition, the complex is strategically situated across Veterans Memorial Highway Veterans Memorial Highway is the name chosen for the following roads: Canada
, on the doorstep of Long Island MacArthur Airport
See also: Transportation in New York City


Long Island MacArthur Airport (IATA: ISP, ICAO: KISP, FAA LID: ISP) is a public airport located on Long Island, in Ronkonkoma, Suffolk County, New York, United States.
 and the soon to be completed LaQuinta Hotel.

"Leasing activity throughout the market picked up speed during the last part of 2005 as competition for quality space heated up," noted Mr. Ruiz. "We were able to attract a number of prominent tenants to Airport Corporate Center that fully complement the high-profile of the complex and existing tenancy A situation that arises when one individual conveys real property to another individual by way of a lease. The relation of an individual to the land he or she holds that designates the extent of that person's estate in real property. ."

The robust real estate leasing activity that we experienced in 2005 is a clear indication of the growth of the Bohemia/Ronkonkoma/Long Island MacArthur Airport area real estate market.

Growth of Long Island MacArthur Airport and general population growth in Suffolk County Suffolk County may refer to:
  • One of the following counties in the United States:
  • Suffolk County, New York - central and eastern Long Island - the largest Suffolk County by population and geographic size
 has increased dramatically over the past ten years.
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Article Details
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Title Annotation:Commercial Sales & Leasing
Publication:Real Estate Weekly
Date:Feb 15, 2006
Words:288
Previous Article:Rechler Partners lease 1.2m s/f in dynamic Long Island market.(Commercial Sales & Leasing)
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