CBRE's Philip Heilpern, Richard Karson and Martin Lomazow completed the transaction for the electronic components manufacturer. The tenant will continue to maintain its corporate headquarters in the 79,000-sf, single-story building owned by Rechler Equity Partners.
The CBRE Long Island team also worked with the Memphis office of CBRE to arrange a 100,000-sf lease, which allowed Nu Horizons to relocate its warehousing operations to a facility in Southaven, MS. According to CBRE, the warehouse relocation was instrumental in creating the opportunity for Nu Horizons to consolidate and renew its headquarters space on Long Island.
CBRE worked closely with Mitchell Rechler and Harry Stavro of Rechler Equity Partners in negotiating the 10-year lease renewal. As part of the agreement, Rechler Equity Partners will reconfigure the property to create better space efficiencies to accommodate Nu Horizon's requirements for its corporate offices. CBRE was unavailable to answer further queries by press deadline.
Continue Reading for Free
Register and gain access to:
- 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
© 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.
