Brentwood, NY Chris Giacalone of Roberts Equities has purchased 710 Suffolk Ave. for $2.12 million. The 3,362 s/f property on 0.89 acres is leased to Citibank. The buyer was represented by Neil Schorr of Realty Insight Group, Inc. The seller, Path Land Holdings LLC, was represented by Jason Maier of Stan Johnson.
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.