Retailer expands warehouse space

Real Estate Weekly, July 14, 2004

Route 110 Home Furnishing Galleries, a high-end furniture retailer, has expanded its warehousing capabilities on Long Island by leasing the entire 40,000 s/f property at 105 East Jefryn Boulevard in Deer Park, NY. Route 110 Home Furnishing Galleries required the additional space to house its rapidly growing warehousing operations currently located within its showroom on Route 110 in Farmingdale.

Edward Fitzsimons and Daniel Oliver of CB Richard Ellis' Long Island office negotiated the lease transaction on behalf of Route 110 Home Furnishing Galleries and the property ownership, Jefryn Boulevard Associates.

"This transaction is further indication of the much-improved business environment currently experienced by companies throughout the Long Island market," said Mr. Fitzsimons. "We are extremely pleased with being able to conclude this transaction to everyone's benefit."

Owned by Jefryn Boulevard Associates, 105 Jefryn Boulevard is a one-story industrial/warehouse facility located in Deer Park.

facility in Melville, NY, and Portable on Demand Storage (PODS, Inc.), a corporation which has achieved tremendous success in the storage and transportation business, leased 30,000 square feet of industrial and warehousing space at 50 Oser Drive in Hauppauge, NY. William Obregon of CB Richard Ellis acted as tenant rep.

"These transactions are an indication of a revitalized leasing market on Long Island," said Mr. Rechler. "Over the first half of 2004 we've seen a number of high-profile companies make a commitment to Long Island by taking new space, expanding and in some cases renewing their existing leases."

One of the most prestigious tenants who renewed within the portfolio in the first half of the year was Atkins Nutritional. The well-known diet/nutritional company renewed its 106,000-square-foot lease at Airport Business Centers (AIP 2004), Long Island's first high-tech industrial park located in Bohemia, NY. The company will continue to house its warehouse and distribution operations at the 500,000-square-foot, Class A industrial park.