Island Associates
West Hempstead, NY Roger Delisle, Jr., CCIM, managing director & commercial broker of Island Associates Real Estate Inc. has negotiated and closed the sale of 605 Woodfield Rd. for $4 million. He was the sole broker on the transaction. The site consists of a 36,000 s/f building consisting of a Western Beef supermarket occupying over 33,000 s/f and a Gino’s Pizzeria.
The seller was Carvel Holding Corp., who was the original operator of a supermarket at the location, and the purchaser was Western Beef, the current operator of the supermarket. The closing occurred the first week of August.
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.