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Reckson reports 600,000 s/f in transactions for the year.

Reckson Associates Realty Corp. held its annual holiday gala at Reckson Executive Park, 58 South Service Road in Melville, New York.

This event, which was attended by more than 265 of the region's most respected industry professionals, corporate executives and municipal leaders, celebrated Reckson Associates' successful year in 2003. The Company's Long Island offices generated significant results recording nearly 593,000 square feet of lease transactions.

Reckson Associates presented its annual "Deal of the Year" award to Jerry Guerra of Paragon Group, LLC. Guerra negotiated the complex, 45,699 s/f three-phase expansion on behalf of State Farm Mutual at 1305 Walt Whitman Road in Melville, Long Island. State Farm will eventually occupy over 106,000 s/f at the property.

In addition, Carmine Inserra of NAI Long Island was recognized as Reckson Associates' "Broker of the Year" for the successful completion of a new lease representing Congdon, Flaherty, O'Callaghan, Reid, Donlon, Travis & Fishlinger & Wright Risk Management Company, Inc., for 54,780 square feet at the Company's flagship OMNI property, located at 333 Earle Ovington Boulevard in Mitchell Field, Long Island.

"We congratulate and wish to recognize both Jerry Guerra and Carmine Inserra on their successful transactions and their continued commitment to the industry. At Reckson Associates, one of the cornerstones of our business philosophy is our relationships in the commercial real estate industry and we are proud to host this event to recognize their achievements and ongoing support."

Reckson Associates Realty Corp. is a self-administered and self-managed real estate investment trust (REIT) specializing in the acquisition, leasing, financing, management and development of Class A office properties.
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Title Annotation:lease transactions
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Jan 14, 2004
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