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Granite Partners.


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.  Partners announced that a group of properties valued at $177 million has been sold, marking one of the largest real estate transactions in Long Island's history. The properties comprised a majority of the Long Island portfolio of First Industrial Real Estate Trust, Inc.

The sale involved 35 separate properties totaling approximately 3.4 million SF of primary office/R&D, flex, and industrial space in Nassau Nassau, former duchy, Germany
Nassau (nä`sou), former duchy, W central Germany, situated N and E of the Main and Rhine rivers. It is now mostly included in the state of Hesse, and partly in the state of Rhineland-Palatinate.
 and Suffolk counties 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
. Granite Partners was retained as the exclusive advisor to the seller, First Industrial 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.
. The buyer is Cammeby's International, a 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
 City-based real estate investment and advisory firm.

The portfolio includes Equi Park in Ronkonkoma (Suffolk county), an eight-building, 653,000 SF office/industrial park, as well as properties in western Suffolk, Hicksville, Syosset/Plainview, and other Long Island business centers. Six office/R&DI properties account for 21% of the total square footage, 12 flex properties for 34.5% and 17 industrial properties for 44.5%.
COPYRIGHT 2001 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Real Estate Weekly
Date:Jan 24, 2001
Words:158
Previous Article:Leslie J. Garfield & Co., Inc.
Next Article:Paul Massey.



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