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NYBC leases 76,000 s/f site creating a win-win situation for Long Island City.


New York Blood Center New York Blood Center bills itself as the "nation's largest, community-based, non-profit, independent blood center." Founded in 1964, it relies upon a staff of 2,000 volunteers and a much smaller permanent staff in order to supply over 200 hospitals in New York and New Jersey with  (NYBC NYBC New York Blood Center
NYBC New York Bicycling Coalition
NYBC National Yiddish Book Center
), one of the nation's largest not-for-profit, blood distribution and service organizations has just inked a long-term lease for a 76,000 s/f commercial property in Long Island City, NY.

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 John Maltz, president and Gary R. Blum, director of conversion development at Greiner-Maltz--the brokers who represented the ownership of 45-01 Vernon Blvd.--NYBC will not only bring vital jobs to the Long Island City neighborhood, but the deal validates Long Island City as a prime commercial destination at a time when most properties in the area are looked upon solely for their residential conversion value. NYBC first inspected the property in the summer of 2004 through their exclusive broker, 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. .

Lengthy negotiations continued through to mid-April, due in part to the detailed requirements of the tenant.

The ownership of the property, once an occupant occupant n. 1) someone living in a residence or using premises, as a tenant or owner. 2) a person who takes possession of real property or a thing which has no known owner, intending to gain ownership. (See: occupancy)  of the building and a strong supporter of Long Island City's growth, viewed this transaction as a win-win proposal for both Long Island City and the many people that NYBC provides vital services for.
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Article Details
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Title Annotation:New York Blood Center
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1U2NY
Date:May 11, 2005
Words:177
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