Jeffrey Dunne, Steven Bardsley and Travis Langer of CBRE’s Institutional Properties, in collaboration with Philip Heilpern of the CBRE Long Island office represented RA 200 Broadhollow Road Owner LLC, an entity controlled by RNY Property Trust, in the sale of 200 Broadhollow Road in Melville, New York for $9,150,000.

200 Broadhollow Road is 68,952 square feet and located on the Suffolk/Nassau border in Melville, New York along the prestigious Route 110 corridor. Currently 83% leased, 200 Broadhollow offers significant upside through further lease up, while having a strong credit rent roll. Guardian Life Insurance, dba Forest Hills Financial Group (16,316 square feet), HQ Global Workplaces (16,507 square feet), and Ameriprise Holdings (14,070 square feet) anchor the property.

Mr. Dunne commented: “200 Broadhollow is a great asset and offers new ownership stable income from the high credit rent roll and upside from the nearly 12,000 square feet in vacancy. Further, Melville is an increasingly tight market where rents are beginning to move up. Collectively, these factors bode well for the future of the Property.”

CBRE Institutional Properties specializes in the sale of investment properties in the suburban markets surrounding New York City, and also around the United States. CBRE Institutional Properties services a prestigious client base of institutions, corporations, private investors, developers and REITs and has closed over $9 billion in property sales in all property types over the last five years.

CBRE Institutional Properties has a number of attractive investment opportunities currently on the market including: 900 Stewart Avenue, a recently renovated 252,730 square-foot value add office building in Garden City, New York; 990 Stewart Ave, a 207,000 square-foot value add office building in Garden City, New York; Hauppauge Office Park which is comprised of two office buildings totaling 194,711 square-foot that are currently 94.4% leased in Hauppauge, New York; The Allstate Building at Hauppauge Office Park which is an 87,945 square-foot office building 100% leased to Allstate Insurance Company in Hauppauge, New York; Lee Farm Corporate Park, a 217,022 square-foot office building that is 96% leased in Danbury, Connecticut; and 1400 Old Country Road, a 250,704 square-foot value add office building located in Westbury, New York.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.