Hauppauge, NY Roger Delisle, Jr., of Island Associates has brokered five leases totaling 13,260 s/f at 490 Wheeler Rd. The deals include the following:
• Island Associates with Metro Realty has leased 1,175 s/f of office space located at 490 Wheeler Rd. to Global Engineering Services LLC. Global Engineering took occupancy in August.
• Island Associates negotiated a 2,585 s/f long-term lease extension with Magii, Inc. who has been a tenant in the building for five years.
• Island Associates negotiated an expansion and extension with Russell Capital Group. Russell Capital’s space expanded from 1,500 s/f to 4,100 s/f.
• Island Associates negotiated an expansion and a long term lease with TCE Insurance. The expansion brings the occupied space to 4,100 s/f.
• Island Associates negotiated a lease extension totaling 1,300 s/f with AlyAsh Holding Corp, who will continue to occupy suite 106.
When Environmental Site Assessments (ESA) were first part of commercial real estate risk management, it was the lenders driving this requirement. When a borrower wanted a loan on a property, banks would utilize a list of “Approved Consultants” to order the report on both refinances and purchases.