Farrell Fritz Real Estate Deals Awarded at LIBN Real Estate and Development Awards
May 11, 2011
On Thursday, April 28, 2011, Long Island Business News held their annual Real Estate and Development Awards. The real estate group of Farrell Fritz worked with many of this year’s winners.
John Racanelli and David Curry worked with Fair Haven Apartments (the seller) in the Top Multifamily Sale where Eagle Rock Management (the purchaser) acquired 1,666 Fairhaven garden apartments in Nassau and Suffolk counties for nearly $230 million, one of the largest apartment deals ever completed on Long Island.
Peter Curry represented Marchon Eyewear in the largest office lease of 2010 – 76,000 square feet at 201 Old Country Road in Melville. The company, one of the world’s largest manufacturers and distributors of eyeglasses and sunglasses, will use the space as its global headquarters.
Peter Curry and David Curry worked with The Engel Burman Group on the land acquisition land use approvals and IDA bond financing and tax abatement program on the Top Senior Assisted Living Development – The Bristal at East Northport. The 128-unit development was more than one-third sold less than a month after it opened.
Charlotte Biblow and Peter Curry worked on the acquisition and development of Sills Road Realty/Brookhaven Rail Terminal, the Top Commercial Development Project. The rail terminal is just south of Exit 66 of the Long Island Expressway and will be used to transport heavy materials (stone, asphalt, lumber, etc.). The project will provide approximately 60 construction jobs and 25 permanent jobs and take at least 40,000 trucks off the LIE in its first year of operation.
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