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| Station Plaza, Long Island, NY |
NEW YORK, NY – HFF announced it has closed the sale of and
arranged financing for Station Plaza, a two-building,
420,433-square-foot office complex in Hicksville, New York.
HFF marketed the complex on behalf of the seller, Duffy HH,
LLC. Ivy Realty was the purchaser. HFF also arranged acquisition financing
through Aetna Life Insurance Company on behalf of the purchaser.
Station Plaza is located at 100, 102 and 110 Duffy Avenue
adjacent to the Hicksville LIRR Train Station about 25 miles from Manhattan on
Long Island.
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| Andrew Scandalios |
The two five-story
buildings are approximately 36 percent leased to tenants including 1199SEIU,
New York Sports Club and Farmers Insurance Group.
The HFF investment sales team representing the seller was
led by senior managing directors Andrew Scandalios and Jose Cruz,
and managing directors Kevin O’Hearn and Jeffrey Julien.
HFF’s debt placement team was led by senior managing
director Jay Marshall.
“Station Plaza is situated in one of the most prestigious
and desired suburbs in Long Island due to its proximity to Manhattan,
exceptional demographics and convenient transportation infrastructure; train
service into the city is only a 45 minute commute,” said Scandalios.
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| Jose Cruz |
Ivy Realty is a full-service real estate investment,
development and management company based in Greenwich, Connecticut and
Montvale, New Jersey.
The Company was founded in 1996 to acquire and operate
value-add commercial real estate assets in select markets within the Northeast
Corridor (Boston to Washington, D.C.) and Southeastern Florida.
Since 1996, Ivy has
led the acquisition of more than nine million square feet of office,
industrial, multi-family and retail properties in these markets.
Contact:
Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com
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