February 2017 Vol.9 Issue 6
Dear Friends ,

I received a wonderful call last night. My 16 year-old nephew, Matt Filosa, called to tell me that he successfully passed a board of review and is now an Eagle Scout. He is a member of Troop 258 in Howell, NJ. We talked for half an hour about his accomplishment and what it meant to him. Twelve hours later, a wonderful client of our firm, Joe Wulfken, called to tell me that his grandson, Alex Veriuet of Troop 205 in East Islip, passed his board of review on the very same evening, and is also an Eagle Scout!

Having coached over 100 young men to the rank of Eagle Scout, I can attest to the difficulty of this achievement. It is a task that typically takes five to seven years to complete. A Scout must demonstrate proficiency in all sorts of tasks, and more importantly, demonstrate consistent leadership. The culmination of his work is his Eagle Scout Service Project, in which a Scout typically spends 50 hours of his own time, and coordinates the efforts of his volunteers who contribute an additional 150 hours. When I am asked to speak at an Eagle Court of Honor, I usually tell the assembled family, friends and dignitaries that if there is a modern-day equivalent of a boy killing his first lion, the Eagle Scout Service Project is it. The Scout must envision a project for a non-profit organization, write a proposal that requires four signatures of approval, plan the project to the last detail, raise the money to fund the project, carry it out, and finally, provide a written report of the results, including exhibits.

Any wonder that every branch of our military will bump up the salary of an incoming Eagle Scout by one or two pay grades? Any wonder that an Eagle Scout has been aboard over 65 of America's space missions? Any wonder that Hunt Corporate Services and many other companies hire Eagle Scouts whenever they can?

And lest we forget the other half of the human race, the Girl Scout equivalent is the Gold Award. (And not to brag, but my niece, Allison, earned her Gold Award several years ago.)

We are constantly bombarded with doom and gloom. I prefer to ration the news carefully, and concentrate on the positive things that make a difference. Scouting is one of them!


Oh, the possibilities!

David G. Hunt
business_people.jpg
 
Evaluating the Buyer
 by David Hunt
   
Q:  We are selling an industrial building and have multiple offers that are very close. Besides price, how else would you evaluate the offers in making a final decision? 
A:  This has been a common occurrence on Long Island in the last few years (and frustrating for buyers) ...

 
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PROPERTY HIGHLIGHTS
  
265 Executive Drive, Plainview, NY
   
8,021 Square Feet for Lease
High Technology Center on the Long Island Expressway
 
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245 Newtown Road, Plainview, NY
   
10,000 Square Feet of "Flex" Space For Lease
Extensive Parking - High Degree of Finish
  


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COMPANIES ON THE MOVE
  
Stellae International purchased 50 Marcus Drive, Melville.
XPO Logistics leased space at 111 Wilshire Boulevard, Edgewood.
TJK Properties purchased 1490 William Floyd Parkway, East Yaphank.
Stony Brook Clinical leased space at 500 Commack Road, Commack.
Newsday leased space at 220 Miller Place, Hicksville.
UnitedEX Worldwide leased space at 660 Hempstead Gardens Drive, West Hempstead.
   
COMPARABLE SALES IN THE LAST 12 MONTHS

City  Address               Property Type  Size SF   Office SF Acres Total  Sold Price/SF  Sold Date 
Massapequa 4202 Merrick Road Industrial 4,000 1,000 .26 $162.50
1/3/2017
Huntington Station
11-13 West Stepar Place Industrial 20,000
.99 $100.00 12/20/2016
Port Washington 5 Channel Drive Office 8,870
.92
$180.38
12/19/2016
Massapequa
6175 Sunrise Highway
Office 7,897
.53
$98.14
12/15/2016
Amityville

42 Maple Place Industrial 6,560 2,952
$107.09 12/15/2016
Huntington Station
55 West Hills Road Office
6,000
.25 $105.83
12/15/2016


Commercial Real Estate
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HUNT provides specialized experience and expertise in the marketing and acquisition of corporate real estate. Unlike traditional real estate brokers, we represent our clients exclusively. 

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