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60,000 sf in leases signed at Triad on LI.

Sutton & Edward's Senior Vice President, Roy Chipkin, reports that the Triad Office Park in Lake Success, New York, has leased more than 60,000 square feet during the first half of 1993. Despite the slowdown of Long Island commercial transactions, the 1.5 million-square-foot prime office park has been actively closing deals with AAA tenants.

The developer, Lewis Feldman, stated that 14 deals were signed at The Triad buildings including: 11,000 square feet to W.J. Jones & Company; 7,500 square feet to Aetna Insurance Co. and 4,500 square feet to Medical Management of New England. Also joining the Triad's roster of prestigious tenants are General Electric Mortgage Insurance, Force Insurance Agency, National Auction Company of America, Creative Education Resources and CPF Premium Funding.

The ownership (The Triad Organization), in cooperation with the mortgagee (General Electric) is undertaking a major refurbishment which will include new nailways, new lighting, new bathrooms, upgraded Atriums and an energy management system which will enhance The Triad, Long Island's largest office complex.

Sutton & Edwards is The Triad's exclusive broker and leasing agent.
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Title Annotation:multiple commercial leases at Triad Office Park in Lake Success, Long Island, New York
Publication:Real Estate Weekly
Date:Aug 4, 1993
Previous Article:Douglas Elliman expands appraisal and consulting.
Next Article:Leasing assignment completed.

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