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August 2012 Vol. 3 Issue 12
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| Renew or Move? By David G. Hunt |
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We lease approximately 7,000 square feet of office space for our law firm. The space works well and is in a good location for our employees. Our lease expires in a year, and we have an option to renew. Is it really worth the effort to consider moving?
My answer is a resounding yes, if for no other reason than your present landlord is probably counting on your inertia to renew the lease. The most economic decision could very well be to stay - but there is only one way to find out, and that is to test the market. And this includes your landlord. An option to renew is a one-way street in your favor. If the terms are favorable, you can exercise the option. If not, you ignore your option, and make it clear to your landlord that you are considering a move and that you expect him to put his best foot forward..... (FULL ARTICLE)
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Hunt Construction Awarded Contract for Renovation Work at Huntington Indoor Tennis
July 3, 2012 - Plainview, NY - Hunt Construction Services, Inc announced today that the company has been awarded the contract for interior renovation work at Huntington Indoor Tennis in Huntington Station, NY. The firm will act as general contractor.
The project includes the renovation of offices, waiting area and bathroom locker rooms. Bathrooms will be updated with ceramic tile throughout. Ceilings will be renovated with update lighting. Select carpentry will be done and bathroom fixtures including showers are to be installed. Demolition will begin August 1, 2012 with the target completion of September 15, 2012.
Hunt Construction Services, Inc. specializes in providing construction management, general contracting, and maintenance services for companies of all sizes throughout the New York metro area. For further information, contact Christa Cherney at (516) 937-1000 or ccherney@huntcorp.com. Full information on the firm and their clients can be found at www.huntcsi.com
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Your Construction and Maintenance Department
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 | | 15,000 square feet available in Plainview |
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Companies on the Move | |
Guzu Inc. is moving to 71 East Industry Court, Deer Park... Luther Appliance & Furniture Sale is moving to 129 Oser Avenue, Hauppauge... Levets Design Services is moving to 50 Schmitt Boulevard, Farmingdale... Zippy Shell Mobile Storage is moving to 400 Wireless Boulevard, Hauppauge... Stellae International is moving to 1591 Smithtown Avenue, Bohemia... Arrow Linen Supply is moving to 615 South Street, Garden City... Prestige Fundraising is moving to 303 Smith Street, Farmingdale...
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Financing File
| Current Market Rates and Programs for the Long Island Commercial Marketplace
The SBA 504 loan program offers long term (10 or 20 years) fixed rate subordinate mortgage financing for the purchase and renovations of existing buildings or new buildings and equipment. Loans are up to 40% of the project cost..... (MORE) |
Our Corporate Headquarters 17 Dupont Street, Suite 4 Plainview, NY 11803 516-937-1000 www.huntcorp.com
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COMPARABLE SALES IN THE LAST 12 MONTHS
| City | Address | Property Type | Size SF | Office SF | Acres Total | Sold Price/SF | Sold Date |
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Bay Shore
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77 East Main Street
| Office Retail | 7,499 |
| .09 | $133.35 | 8/2/2012 | | Hauppauge |
129 Oser Avenue
| Industrial | 20,000 |
| 1.66 | $85.00 | 6/19/2012 | | Island Park |
4310 Industrial Place
| Industrial | 21,582 |
| .18 | $30.74 | 6/14/2012 | |
Holtsville
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35 Corporate Drive
| Industrial | 30,000 | 5,000 | 4 | $75.00 | 6/12/2012 | | Garden City |
615 South Street
| Industrial | 72,069 | 23,000 | 3.2 | $72.50 | 6/8/2012 | | Ronkonkoma |
2110 Smithtown Avenue
| Office/Investment | 10,000 |
| 1.06 | $137.50 | 6/1/2012 | | | | | | | | |
For more Recent Sales, click here |
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©Copyright 2010, All Rights Reserved. The content of this web site may not be reproduced without the written permission of HUNT Corporate Services, Inc. All information is from sources deemed reliable and is subject to prior rental or sale, errors, omissions, change of price and withdrawal without notice.
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