News: Long Island

Rosner of NAI Long Island facilitates 8,900 s/f lease

Nesconset, NY NAI Long Island disclosed that Lee Rosner, CCIM SIOR facilitated a long-term lease for 8,900 s/f of medical office space at 57-61 Southern Blvd. on behalf of the landlord, Southern Boulevard Professional Park Corp. The tenant, Stony Brook Community Medical, P.C. was represented by David Leviton of JLL.

Stony Brook Community Medical, P.C. is a leading network of healthcare providers offering comprehensive specialty care services across Long Island . As an affiliate of Stony Brook Medicine, the practice brings academic-level expertise to local communities, ensuring patients have access to advanced, high-quality care close to home. Their presence in both Nassau and Suffolk Counties reflects a deep commitment to expanding access to specialty medical services across the region.

57-61 Southern Blvd. is a medical office property located off Nesconset Hwy. (Rte. 347) in Suffolk County. The building offers access to both Rte. 347 and Middle Country Rd. (Rte. 25), providing connectivity to the surrounding community.

Near Stony Brook University Hospital and St. Catherine of Siena Hospital, the location is ideal for medical professionals and healthcare services. The property benefits from strong area demographics and a high healthcare demand score, making it a strategic choice for various medical uses.

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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.