First tenant signs up at new look tower.Albanese Organization and Castagna Realty announced that L'Abbate, Balkan, Colavita & Contini LLP LLP - Lower Layer Protocol has signed a 15-year lease for 49,000 s/f at 1001 Franklin Avenue Franklin Avenue can refer to:
The law firm will take occupancy of the entire 39,000-sq. ft. third floor and part of the lower level beginning September 1, following completion of the gut renovation of the building now underway. L'Abbate Balkan was represented in the transaction by CB Richard Ellis' Thomas Kaufman, Theodore P. Sasso Jr. and Edward Fitzsimons, all Senior Vice Presidents, while Russell Matthews acted in-house for ownership. Located at the northeast corner of Tenth Street, 1001 Franklin Avenue is the largest commercial building on Franklin Avenue and is distinguished by a large plaza that will feature prominently in the redesign. Major alterations are in progress for the 115,000 s/f, three-story building, which will establish it as Long Island's first "green," or environmentally engineered, commercial building. The redevelopment of 1001 Franklin represents the sixth such project along Franklin Avenue by the Albanese/Castagna team, having spearheaded the revitalization of Franklin Avenue with the redevelopment in 1998 of 855 Franklin, where major tenants include Smith Barney, Commerce Bank and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Sports Club. Drawing from AO's experience constructing the country's first green residential tower, located in Manhattan's Battery Park City, 1001 will be retrofitted with a number of environmentally advanced features. These will include energy-efficient HVAC (Heating Ventilation Air Conditioning) In the home or small office with a handful of computers, HVAC is more for human comfort than the machines. In large datacenters, a humidity-free room with a steady, cool temperature is essential for the trouble-free systems, the utilization of materials with no or low volatile organic compounds volatile organic compound Environment Any toxic cabon-based (organic) substance that easily become vapors or gases–eg, solvents–paint thinners, lacquer thinner, degreasers, dry cleaning fluids (VOC's), and a state-of-the-art air filtration system, among others. Provisions for enhanced Indoor Air Quality Indoor Air Quality (IAQ) deals with the content of interior air that could affect health and comfort of building occupants. The IAQ may be compromised by microbial contaminants (mold, bacteria), chemicals (such as carbon monoxide, radon), allergens, or any mass or energy stressor (IAQ IAQ Indoor Air Quality IAQ Investment Administration Qualification IAQ Infrequently Asked Questions IAQ Internal Air Quality IAQ Inuit Art Quarterly IAQ Illinois Air Quality ), a proven benefit to occupant health, comfort and worker productivity, will rank 1001 Franklin Avenue among the most advanced office buildings in the U.S. L'Abbate Balkan will make the move from 1050 Franklin Avenue, an Albanese-owned building that serves as its corporate headquarters. "We have been a tenant of the Albanese Organization since 1986 and we are very pleased to reach an agreement to continue the relationship," said Jane Myers, Esq., who leads the Real Estate practice group at L'Abbate Balkan. |
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