CB Richard Ellis' Raymond Ruiz, Marianne Dugan and John Morris represented Allstate. Kraig Silver, SVP of Treeline Cos., represented the owner. Silver tells GlobeSt.com that the aggregate lease value is approximately $4.3 million, adding that the lease term is five years.
"Treeline Cos. is thrilled to remain the first choice of Allstate and other top-tier new and existing tenants," Silver says. "Garden City's vibrant business district has long been regarded as one of the metropolitan region's most strategic locations for insurance firms, banks, investors, law firms and others seeking the amenities and value Nassau County is known for."
Franklin Avenue Plaza is a four-building commercial complex located at 1205, 1225, 1305 and 1325 Franklin Ave. situated near the Northern State Parkway, Old Country Road and Jericho Turnpike and minutes away from the Long Island Expressway. The modern, class A property is a concrete-and-glass office complex featuring parking, on-site banking, express mail drops, a cafeteria, card store and a fitness center.
A multimillion-dollar capital improvement program is currently under way at Franklin Avenue Plaza, encompassing upgrades to all common areas; renovations of all building systems; and the addition of amenities, first-class finishes and elegant landscaping.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
