Jeffrey Dunne, David Gavin and Travis Langer of CBRE’s Institutional Properties in collaboration with Philip Heilpern and Martin Lomazow of the CBRE Long Island office, represented Joss Realty Partners in the sale of 60 Charles Lindbergh Boulevard in Uniondale, New York for $75,500,000. The team was also responsible for procuring the buyer, Salus Federal Properties, who was represented by Will Bradley of the CBRE Richmond office.
60 Charles Lindbergh is a 217,226 square-foot office building which is 100% leased to the County of Nassau (S&P Rated A+), who recently renewed their lease through 2036 and operates their Health & Human Services divisions from the Property. Located in Uniondale, 60 Charles Lindbergh is located 1.3± miles from Nassau Veterans Memorial Coliseum and has immediate access to the Meadowbrook Parkway and is easily accessible from the Long Island Expressway, Northern State Parkway, Southern State Parkway and Hempstead Turnpike. The property is also in close proximity to both the Carle Place and Mineola Long Island Railroad stations.
Mr. Dunne commented: “60 Charles Lindbergh provides an irreplaceable location for Nassau County, as demonstrated by their recent renewal and long term commitment to the Property. The acquisition of 60 Charles Lindbergh will provide secure, long term cash flow and is a great addition to Salus’s portfolio.”
CBRE Institutional Properties has a number of attractive investment opportunities coming to market including: 55 Charles Lindbergh, a 214,581 square-foot 100% leased office building in Uniondale, New York; and 6800 and 6900 Jericho Turnpike, a 315,500 square-foot value add office property in Syosset, New York. Some offerings currently being marketed include: 9 West Broad, a 188,000± square-foot multi-tenant, value add office property in downtown Stamford, Connecticut; 201 High Ridge a 196,000± square-foot value add/opportunistic office building in Stamford, Connecticut and 4 Becker Farm Road, a 282,000± square-foot multi-tenant office building that is anchored by KPMG and CohnReznick in Roseland, New Jersey.
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 (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
