Strategically Located, 314,000SF Class-A Office Building
Newmark Knight Frank (NKF) is pleased to announce it has been retained as the exclusive leasing broker for the office property at 1985 Marcus Avenue in Lake Success, NY on behalf of owner and manager CLK Properties. The NKF leasing team comprising Managing Directors Scott Berfas, Daniel Oliver and Associate Director Jordan Oliver, are working in conjunction with Justin Glaser and Michele Klampfer from CLK Properties.
The beautiful, Class-A office building is directly off the Northern State Parkway and Long Island Expressway, just 20 minutes from JFK and LaGuardia Airports and in close proximity to a myriad of shopping and recreational destinations. Additionally, the property is offering the largest block of Class-A office space available in Nassau County.
Approximately 130,000 rentable square feet of contiguous spaceis available including the entire firstfloor, measuring 100,000 rentable square feet, which can accommodate divisions of approximately 25,000 square feet. The fully generated property boasts one of the largest covered parking garages on Long Island, uninterruptable back-up power, on-site concierge,a café and a large atrium with abundant natural light.
“We are excited to partner with CLK on this prestigious assignment and it is extremely rare for this large block of space to be offered in a historically supply-constrained market,” commented Mr. Berfas. “Located close to the New York City border, 1985 Marcus Avenue is one of the most desired business addresses on Long Island.Ownership is committed to delivering the amenity rich, first-class business environment that companies, HR departments, and their employees demand and expect.”
Renovations to the property include a new building lobby, fitness center, improved landscaping/visibility, and newly created entrance on the west side of the building. Potential signage opportunities exist as well. Mr. Glaser added, “We are checking all the boxes with our offering at 1985 Marcus Avenue and continually look at asset enhancement strategies throughout our portfolio to deliver best-in-class workspace. The new availability at 1985 Marcus Avenue allows us to do just that.”
About Newmark Knight Frank
Newmark Knight Frank, operated by Newmark Group, Inc., is one of the world's leading commercial real estate advisory firms. Newmark has over 4,600 employees in over 120 offices. Together with London-based partner Knight Frank and independently-owned offices, NKF's 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents. With roots dating back to 1929, NKF's strong foundation makes it one of the most trusted names in commercial real estate. We offer a complete suite of services and products for both owners and occupiers across the entire commercial real estate industry.
Our investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting and, under trademarks and names like Berkeley Point and NKF Capital Markets, government sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Our occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. We enhance these services and products through innovative real estate technology solutions and data analytics designed to enable our clients to increase their efficiency and profits by optimizing their real estate portfolio. We have relationships with many of the world's largest commercial property owners, real estate developers and investors, as well as Fortune 500 and Forbes Global 2000 companies. For further information, visit www.ngkf.com.
