Roy Chipkin, a first VP with CB Richard Ellis's Long Island operations, represented the civil and structural engineering and land surveying firm in the 10-year transaction. Richard Yaffe acted on behalf of Triangle Properties, the building's ownership.
Chipkin tells GlobeSt.com that the aggregate value of the lease is $2 million. "The firm needed the expansion space as it was awarded new municipal contracts," he says. "Also, the company needed an overall expansion and upgrade from its antiquated facility."
Chipkin explains that the location provided Hirani with the ideal opportunity to more than double its operations in Long Island. "The space was offered at below market rents and is situated within easy access to a number of major highways and adjacent to a shopping center," he says.
The single-story 30 Jericho Turnpike is a campus-style office building totaling 41,000 sf. The property is currently 90% occupied by a number of high-profile corporate tenants.
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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.
