Long Island market no longer a wallflower for investors.The Long Island commercial real estate market is attracting greater interest from institutional investors of late, as national players discover what regional investors like The Treeline Companies have long been attracted to: strong demographics, a well-educated workforce, a healthy office market and an overall strong local economy. The Treeline Companies, an owner and manager of office properties throughout the 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 metropolitan region, recently acquired Franklin Avenue Franklin Avenue can refer to:
The purchase of this 520,000 s/f four-building Class A commercial complex comes on the heels of Treeline's recent acquisition of Atria Atria The heart has four chambers. The right and left atria are at the top of the heart and receive returning blood from the veins. The right and left ventricles are at the bottom of the heart and act as the body's main pumps. East, a six-story, 207,000 s/f commercial office building located at 990 Stewart Avenue in Garden City. The two deals increased The Treeline Companies' Long Island holdings to over 1.65 million square feet in 10 buildings, making Treeline the second largest commercial office space owner in Nassau County Nassau County is the name of two counties in the United States of America:
This shopping plaza features heritage architecture and a European small shop ambience. It is home to BITNETS, the award winning technology business, other upscale offices and boutique-style shops. , 200 Garden City Plaza, 300 Garden City Plaza and 400 Garden City Plaza. Franklin Avenue Plaza is located in the heart of Garden City's vibrant business district, presenting a unique growth opportunity for which The Treeline Companies can provide value enhancement through capital improvements and our proven asset management approach. World-class financial, legal and government office users are taking advantage of the access, amenities and value Nassau County provides. The Treeline Companies has earned a reputation as the leading owners in Long Island's Garden City area, invigorating in·vig·or·ate tr.v. in·vig·or·at·ed, in·vig·or·at·ing, in·vig·or·ates To impart vigor, strength, or vitality to; animate: "A few whiffs of the raw, strong scent of phlox invigorated her" properties with capital improvements and top-tier tenants. The firm is also a leading commercial presence in Downtown Brooklyn Downtown Brooklyn is the third largest central business district in New York City (following Midtown Manhattan and Lower Manhattan), and is located in the , NY, currently developing more than 120,000 s/f of new office space at 177 Livingston Street to complement our existing Brooklyn portfolio. The Treeline Companies has been actively searching markets throughout the NY metropolitan area to acquire quality office properties for our portfolio, and Long Island continues to offer the opportunities for value enhancement that fit our investment strategy. Reputable tenants, proficient in-house ownership and a top-notch location unlock the true value of our office properties. Treeline has a lot of confidence in this marketplace, and Franklin Avenue Plaza is poised for growth. Treeline plans to invest several million dollars in capital improvements to elevators, public space, landscaping and parking structures for all four buildings in Franklin Avenue Plaza. Garden City property values are largely independent of long-standing plans to redevelop the Nassau Hub area nearby, but those plans will only serve to further enhance the value of our holdings. The Treeline Companies has confidence in the stability of the area with or without the success of that project. Although Long Island has fewer corporate headquarters than other 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. suburbs such as Westchester, it is becoming a more attractive destination as Manhattan rents skyrocket. Additionally, the Long Island office market is very stable, with very little room for new office development. This finite amount of land for development tends to insulate investors from the loss of major tenants because options for large blocks of space are limited. Long Island has benefited from the continued interest in New York City, and as the choice of Manhattan assets dwindles and deals become prohibitively expensive, more and more investors are looking to the greater New York region for opportunities to create value. FRAN FRAN Functional Reactive Animation SCHOR, PRESIDENT THE TREELINE COMPANIES |
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