CBRE reps seller and procures buyer in $28.5m sale of 264482 s/f office building – New York Real Estate Journal Online

5000 Agency Courtroom – Holtsville, Brookhaven, NY

Holtsville, NY CBRE dealt with the $28.5 million sale of 5000 Agency Ct., a two-story, 264,482 s/f office constructing Inside the hamlet of Holtsville and the metropolis of Brookhaven.

Jeffrey Dunne, Steven Bardsley, Jeremy Neuer, Stuart MacKenzie and Travis Langer of CBRE’s Institutional Properties Group, in collaboration with Philip Heilpern of CBRE Advisory & Transaction Providers, recurrented The vendor, Office Properties Income Notion, an entity managed by The RMR Group. CBRE additionally procured The client, Northpath Investments.

5000 Agency Ct. is shut to Exit 62 off the Prolonged Island Expressway (I-495). The property is anchored by GSA tenants, collectively with The within Income Service and U.S. Citizenship and Immigration Service. The property’s flooring plates, parking (seven spaces/1,000 s/f), and Central Suffolk office rental costs current An best combination to accommodate tenants with open space plans and extreme-density requirements.

“5000 Agency Courtroom will complement Northpath’s completely different asset, Brookhaven Expert Center,” said Bardsley. “The property’s expansive flooring plates can meet greater tenant requirements, whereas Brookhaven Expert Center can cater to a smaller tenant profile.”

“We’re Very Proud of this acquisition Which might add to our rising office constructing portfolio,” said Gershon Alexander, principal at Northpath Investments.

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