County's 200,000 s/f lease is largest this year on Long Island.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 completed a lease in excess of 200,000 s/f on behalf of Nassau County Nassau County is the name of two counties in the United States of America:
The 17-year lease, which comprises an entire office building owned by Melville-based Reckson Associates, will house the County's Department of Health & Human Services. The CB Richard Ellis team of Philip Heilpern, Richard Karson and Martin Lomazow, who are locally based and focused on the Long Island market, and Lewis Miller, Stephen Siegel and Tom Shirocky of CBRE's 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. office, negotiated the lease on behalf of the County whose team was led by Sheldon L. Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. , the County Director of Real Estate Planning Estate Planning The overall planning of a person's wealth, including the preparation of a will and the planning of taxes after the individual's death. Notes: Contrary to popular belief, estate planning involves much more than preparing a will, and it is not only for the and Development. Reckson Associates represented itself in the transaction. The government agency engaged CB Richard Ellis as its exclusive consultant and broker in 2002 to evaluate its real estate and to assist in developing a strategic plan for reorganizing and streamlining the County's operations. The plan called for consolidating office locations into five campuses and using the proceeds of the surplus County properties to renovate, restore and construct facilities for the Nassau County operations. This creative transaction involves over 200,000 s/f of space and requires the relocation of several existing tenants from 60 Charles Lindbergh Boulevard to alternate spaces within Reckson's Long Island portfolio. "This lease transaction completes the first phase of a forward-thinking strategy and an extremely targeted real estate campaign geared to the specific goals of Nassau County," said Mr. Karson. |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion