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CBRE tapped to lease 300,000 s/f LI Granite complex.


The Long Island office of CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2.  has been named the exclusive corporate leasing agent for the second phase of a 300,000 s/f office development named The Granite granite, coarse-grained igneous rock of even texture and light color, composed chiefly of quartz and feldspars. It usually contains small quantities of mica or hornblende, and minor accessory minerals may be present.  Buildings and located on Marcus Avenue in Lake Success, NY.

The second phase of the successful project, which was topped off this month, is slated for delivery by early 2007.

Phase I was completed in 2005 and is currently fully leased to a number of high-profile tenants, including Sandoz, Northfork Bank, Northshore Long Island Jewish Health Systems and Sumitomo Corporation Sumitomo Corporation (住友商事, Sumitomo Shōji) TYO: 8053 is a highly built worldwide trading company (Sogo shosha), and is a diversified corporation based in Tokyo, Japan. It is a member company of the Sumitomo Group.  of America. The Granite Buildings represent the only new Class A office properties in Western Nassau. The CBRE CBRE CB Richard Ellis (real-estate firm)
CBRE Chemical, Biological, Radiological and Explosive
CBRE Component-Based Reliability Estimation
CBRE Coldwell Banker Richard Ellis (Boston, MA) 
 team of Larry Weiss, Marty Lomazow, Roy Chipkin, Richard Karson and David Shaoulpour will oversee the leasing of the second property within the complex on behalf of the ownership, Lalezarian Properties.

Ideal for corporate office tenants and medical professionals the property is less than one-quarter mile from two major arteries--the Long Island Expressway and Northern State Parkway--and is under one-half mile from Queens County Queens County or Queen's County is the name of:
  • Queens County, New Brunswick, Canada
  • Queens County, Nova Scotia, Canada
  • Queens County, Prince Edward Island, Canada
  • former Queen's County (electoral district)
.

Several bus routes stop immediately in front of the building which is a short walk to numerous restaurants and shopping destinations.

Among its numerous amenities, the property will feature a magnificent, 60'-high atrium atrium (ā`trēəm), term for an interior court in Roman domestic architecture and also for a type of entrance court in early Christian churches. The Roman atrium was an unroofed or partially roofed area with rooms opening from it. , high quality finishes, an on-site cafe and banking services as well as three levels of covered parking offering a significant ratio of more than five spaces per 1,000 s/f of office space.

"Given the success of phase I of the development and the current market dynamics, we believe that the new building at 1991 Marcus will surpass all expectations," noted Weiss. "We look forward to representing this great space as well as working closely with Lalezarian Properties."
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Publication:Real Estate Weekly
Geographic Code:1USA
Date:Jul 26, 2006
Words:285
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