Dear Friends,

This Friday evening, August 13th is Scout Night at the Ducks game. We expect over 700 Scouts in uniform to attend. A Scout, accompanied by Kevin O’Connor, CEO of Dime Community Bank, will toss the first pitch of the game. 

Join Dime Community Bank's celebration of Suffolk County Scouting with Field Games like The Duck Dash, What's in the Box, Messiest Face & Dance for your Dinner! The game begins at 6:35 pm. Whether or not you are a member of the Scouting community, I hope you can join us.

        by David G. Hunt

Q: We are planning to lease a larger manufacturing facility on Long Island. Our broker says the landlord is going to require “lease enhancement”. What does this mean, and how should it be negotiated?

A: Lease enhancement refers to a means of providing additional assurance to the landlord that you will be able to live up to the terms of your lease. Landlords are concerned with the prompt payment of rent, damage to the premises beyond normal wear and tear, and amortization of their up-front costs over the term of the lease. Lease enhancement would typically be required in larger or more complex transactions where the landlord has significant ...  

Property Highlight 

FOR LEASE, WILL DIVIDE!

120 Terminal Drive, Plainview, NY

“As the economy continues to recover, look for the growth of repurposing existing buildings,” said Mr. Hunt. “The industrial market on Long Island has the lowest vacancy rate of industrial buildings that I have seen in my 48-year career. At the same time, there is a glut of office space, propelled by the work-at-home environment.” He continued, “Our firm has recently participated in two transactions in which an office building has been converted to industrial use. This trend will continue, and almost certainly grow.”

Koala Optics has leased space at 104 Parkway Drive South, Hauppauge.

Bay State Pool Services has leased space at 85 South Hoffman Lane, Islandia.

Austin Moving and Storage has leased space at 54 Old Dock Road, Yaphank.

Forte Construction has purchased 1770 Motor Parkway, Islandia.

Unitedex Worldwide Express has leased at 150-170 Crossways Park Drive, Woodbury.

Nationwide Sales & Services has purchased 215 Candlewood Road, Bay Shore.

J. King Realty has purchased 3040-3064 Veterans Memorial Highway, Bohemia.

Liberty Moving & Storage has purchased 66-70 Austin Boulevard, Commack.

Safeguard Chemical Corporation has purchased 99 Cottage Place, Mineola.

Active Distributors Inc. has leased space at 122 Dupont Street, Plainview.

Long Island Vitreoretinal Consultants has leased at 1600 Stewart Avenue, Westbury.

Midland Enterprises has leased space at 35 DaVinci Drive, Bohemia.