Getty will relocate from its current Long Island space at 125 Jericho Turnpike in Jericho. Lukoil will move its headquarters from 540 Madison Ave. to the Nassau County space. Insignia/ESG director Phil Heilpern and senior managing director Martin Lomazow brokered for Getty. Heilpern and Lomazow were unavailable for comment on the sale. The seller, Cohen Fashion Optical Inc., was self-represented by Robert Cohen and Susan Goldberg. Neither the buyer nor the seller would reveal the sale price.
"We wanted to purchase our own building to accommodate a joint-headquarters for Getty and our US parent Lukoil Americas," says Natasha Koll, vice president and general counsel for Getty. "Lukoil Americas and its affiliated companies will be relocating their corporate headquarter activities from Manhattan to 1500 Hempstead Turnpike and we are pleased to have our joint headquarters in Nassau County."
Motor and heating fuels distributor Getty Petroleum Marketing has close to 1,300 service stations in the Northeast. Lukoil bought the company last year as part of a global expansion initiative.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.