FARMINGDALE, NY-In a strong demonstration of the health and importance of the healthcare sector, Catholic Health Services of Long Island has signed a lease for nearly 49,000 square feet of office space at Rechler Equity Partners‘ 110 Bi County Blvd., in Farmingdale. The health care services system is making the move thanks partly to some big incentives that were negotiated on its behalf.

The deal allows CHS to consolidate a number of its locations throughout Suffolk County and expand its operations within a portion of the 113,000-square-foot facility currently leased to Bed Bath & Beyond. Following the housewares store’s recent announcement of a planned relocation, it set out to fill its space, according to Ted Trias, director of acquisitions and leasing at Rechler, who represented the owner in the transaction.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.