News: Long Island

Delisle of Island Assocs. negotiates 29,000 s/f lease to C Town Supermarket

Central Islip, NY Roger Delisle of Island Associates negotiated a new 25-year lease term with C Town Supermarket to continue to occupy 29,000 s/f at Islip Plaza at the northwest corner of Wheeler Rd. and Suffolk Ave.

C Town Supermarket has been operating at the shopping center for over 20 years and its new 25 year term shows its dedication to the shopping center and the community.

C Town is a chain of independently owned and operated supermarkets operating in the northeast with over 200 locations.   

Islip Plaza is located at 32 Wheeler Rd. and is an 82,000 s/f shopping plaza that has been a staple for over 40 years. 

C Town will remain a long-term tenant at Islip Plaza along with Advance Auto, Rainbow Shops, Rent A Center, Checkers and others.

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The evolving relationship of environmental  consultants and the lending community - by Chuck Merritt

The evolving relationship of environmental consultants and the lending community - by Chuck Merritt

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.