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Woodbury LI office building fits insurance giant's logistical needs.


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.  arranged a 25,356 s/f lease for Nationwide Mutual Insurance Company Nationwide Mutual Insurance Company & Affiliated Companies is a group of large U.S. insurance and financial services companies based in Columbus, Ohio. History
Beginnings as Farm Bureau Mutual
 at 45 Crossways Park Drive in Woodbury, NY.

Recognized as one of the largest insurance and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
 company in the world, Nationwide will house its claims services and legal department in part of the Crossways Park office complex.

The CBRE CBRE CB Richard Ellis (real-estate firm)
CBRE Chemical, Biological, Radiological and Explosive
CBRE Component-Based Reliability Estimation
CBRE Coldwell Banker Richard Ellis (Boston, MA) 
 team of Phil Heilpern, Marty Lomazow and David Zelinski arranged the five-year lease transaction on behalf of Nationwide. The building ownership, CLK/Houlihan-Parnes LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, was represented by in-house counsel.

Headquartered in Columbus, Ohio, Nationwide is relocating from 170 Froehlich Farm Boulevard in Woodbury. The giant insurer plans to relocate its offices by March 2007.

"45 Crossways Park Drive is a single story office building that fit Nationwide's logistical needs between their claims and legal divisions," said Zelinski. "The existing build-out and work letter provided by the landlord will create a more efficient space that meets the needs of its Long Island customers."
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Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Publication:Real Estate Weekly
Date:Dec 6, 2006
Words:163
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