The single-story building is a multi-tenanted industrial facility and has 20-foot ceiling heights, as well as drive-in loading docks and 11.76 acres of parking. The building has access to the Long Island Expressway and is in close proximity to Northern State Parkway.
The transaction demonstrates the positive outlook for Long Island by investors, even with tighter financing requirements, according to a prepared statement by CBRE. The CBRE team of Philip Heilpern, Richard Karson, Martin Lomazow and David Zelinski arranged the sale of the property on behalf of the seller, in direct negotiations with the buyer. The firm could not be reached for further information by deadline.
"We are pleased to have represented 200 Rob LLC in this disposition," says Lomazow in a prepared statement. "And, given the turmoil in today's capital markets, it was a pleasure to work with a seller and buyer that understood that cooperation and flexibility was needed in order to get the sale closed."
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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.
