Stark Carpet, an international company specializing in custom-designed carpet, fabric, furniture and wallcovering for both the residential and contract markets, took 5,800 sf of showroom space on the ground floor. Duralee Fabrics, a family-owned and -operated company providing fabrics, trimmings and furniture, will occupy 5,400 sf, also on the ground floor. An unidentified source tells GlobeSt.com that rents are between $24 and $32 per sf in the Jericho/Syosset market.
"It's noteworthy that both Stark and Duralee have showroom locations in the prestigious Decorators and Designers Building in Midtown Manhattan," Franklin Zuckerbrot, leasing agent for the building, points out. "The fact that these two high-end brand names chose to expand at the same location in Nassau County is testament to the attractions of the building and of the neighborhood."
Located at Jericho Turnpike between Routes 106/107 and Route 135, 125 Michael Dr.--a 35,000-sf one-story building owned and developed by an affiliate of Sholom & Zuckerbrot Realty LLC--recently underwent a conversion from an industrial facility to a first-class office building, and is now tenanted by a variety of local and national businesses.
Zuckerbrot adds that "both companies were drawn to the terrific street visibility, convenience of the location, and the close proximity to target clientele--the many high-end interior designers who serve the Long Island marketplace." Real Estate Strategies and Oxford & Simpson Realty were the cooperating brokers involved in both lease transactions.
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.