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December 11, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the sale and financing of Loyal Plaza, a 293,607-square-foot, value-add shopping center anchored by GIANT Food Stores and Kmart in the northern Pennsylvania community of Williamsport. The HFF team marketed the property on behalf of the seller. PAG Investments purchased the asset. Additionally, HFF worked on behalf of the new […]
New Jersey-based PAG Investments bought the Brookhaven Executive Center in Medford for what real estate sources estimate was $7.2 million. The price wasn’t officially disclosed. The 155,079-square-foot office complex sits on 15-acre campus and is 53 percent occupied. It was once owned by Paul Elliott, the CEO of Soundview Realty Group. It was foreclosed on in […]
Deadline again extended for Nassau Coliseum proposals After receiving a handful of responses, Nassau County officials have again pushed a deadline for developers to submit proposals for the Nassau Hub Innovation District, a 70-acre parking lot near the Coliseum. The deadline had been July 20, but was then extended to Aug. 3 and now Aug. […]
NKF Capital Markets is pleased to announce that Kevin Welsh, Brian Schulz, Chuck Kohaut and Jason Emrani of the firm’s Tri-State Capital Markets Team in collaboration with Scott Berfas, Dan Oliver and Jordan Oliver from NKF’s Mellville NY office, represented a financial institution in the 100% interest sale of Brookhaven Executive Center, a 53% leased 10-building office park totaling 155,079 SF. The team was […]
A 10-building office complex in Medford known as the Brookhaven Executive Center has been sold to New Jersey-based PAG Investments operated by Principal, Gershon Alexander. The price was not disclosed, but real estate sources pegged it at $7.2 million. Brookhaven Executive Center / Courtesy of Newmark Knight Frank The 155,079-square-foot office complex is on a […]
WEST ORANGE, NJ — Executive Hill Office Park, a four-building office complex in West Orange, was recently sold to PAG Investments, according to a news release. Last week, Holliday Fenoglio Fowler L.P. (HFF) announced that it sold the office complex on behalf of the seller, “an entity controlled by RNY Property Trust.” No selling price […]
The forced sale this year by a mortgage lender of a six-building Westchester office portfolio has Long Island-based RXR Realty pulling out of the county’s suburban office market — while investing heavily in downtown residential and retail developments in Yonkers and New Rochelle — after two decades as a prominent office-park owner and manager in […]
ELMSFORD, N.Y. — Cushman & Wakefield has arranged the sale of Heritage Corporate Park, a 100-percent occupied flex/office property in Elmsford. PAG Investments, Principal, Gershon Alexander acquired the 155,033-square-foot asset from an entity controlled by RNY Property Trust. Located at 80 and 100 Grasslands Road, Heritage Corporate Park sits on 8.5 acres in Westchester County’s […]
FRANKLIN — Construction is expected to begin in March on a new Advance Auto Parts store, taking the place of two vacant houses and a vacant lot at the intersection of Route 23 and Mabie Street. John Kurlander, commercial sales director for Fairclough Realtors and Property Management, said the real estate closing was recently concluded […]