7-Eleven to Relocate Tri-State Headquarters to Port Washington
BEB Real Estate (BEB), a privately held real estate and investment company, has signed three new tenants within its Long Island commercial property portfolio, announces Lee J. Brodsky, BEB’s president.
In the most prominent of the three transactions, Irving, Texas-based 7-Eleven will relocate its Tri-State headquarters from Connecticut to BEB’s 26 Harbor Park Drive in Port Washington, where it will occupy 6,363 square feet. The 89-year-old convenience store pioneer, which operates some 58,500 outlets in 17 countries, will take occupancy in July.
Marisa Karmitz and Rob Kuppersmith of Cushman & Wakefield represented 7-Eleven in the lease negotiations.
The largest of the three deals in terms of new space leased involves One World Distributors, a young firm that distributes health and beauty aids. One World has taken 15,000 square feet at 300 Michael Drive, a warehouse and distribution facility in Syosset. Devang Koya of Shacker Realty represented the tenant.
In the third transaction, Integrated Structures, a construction contracting firm, has leased 2,100 square feet at 910 South Oyster Bay Road, a warehouse and distribution facility in Hicksville.
Mr. Brodsky, in his other capacity as a managing director of Newmark Grubb Knight Frank, negotiated all three transactions on behalf of BEB along with his Newmark colleagues Dan Oliver and Dan Marcus, managing director and director, respectively.
“There has been a great deal of interest in our Long Island properties recently, as these deals suggest,” notes Mr. Brodsky. “We’re looking forward to strong activity in the upcoming months.”
“More and more companies are recognizing that Long Island is a value alternative to Queens and Brooklyn,” adds Bert Brodsky, chairman of BEB. “This recognition has been a major factor underlying the increased leasing velocity.”
About BEB Real Estate
BEB Real Estate is a privately held company based in Port Washington, NY. The company has a real estate and investment portfolio consisting of mixed-use developments, parking facilities and restaurants totaling over $340 million in assets throughout the East Coast. More information can be found at www.bebrodsky.com.
