Neil Marchesano of Corporate National Realty brokered on behalf of GEICO, while Insignia/ESG's Edward Fitzsimons and Theodore Sasso handled brokerage on behalf of the Nassau County property's owner and manager, 875 Merrick LLC, a venture reportedly controlled by the principals of the now-defunct telecom provider.
"The GEICO transaction was the largest office lease signed in the first quarter in Nassau County," says Fitzsimons. "With limited space options of mid-to-large size quality blocks of available space in Central Nassau, the Westbury property was a perfect fit for GEICO," he said.
Amenities at the Westbury property include fiber optic lines, a back-up generator and available parking for 190 cars. GEICO is a wholly-owned subsidiary of Berkshire Hathaway Inc.
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