A Blumenfeld source tells GlobeSt.com that the current asking rent at the property is $29.50 gross, but could not confirm the aggregate lease value or taking price. The lease is for a 15-year term.
The source notes that the property is conveniently located at the busiest train station in Long Island. Other tenants at 100 Duffy Ave. include insurance company AIG and New York Sports Clubs.
1199 SEIU represents more than 275,000 members and retirees in New York, Maryland, the District of Columbia and Massachusetts. The source tells GlobeSt.com that some of the Union space was a consolidation from Lower Manhattan.
Apollo Real Estate Advisors and Blumenfeld Development Group acquired the Hicksville complex in 2005 and redeveloped it for multi-tenant office and other complementary uses. The three buildings at 50, 100 and 110 Duffy Ave. are located next to the Long Island Railroad's Hicksville train station and are within a mile of the Long Island Expressway, the Northern State Parkway and the Wantagh Parkway.
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.
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.
