Milvado Ends Q1 with 9 Leases in Nassau and Suffolk
Milvado Property Group ended the first quarter with nine new and renewal leases totaling 54,082 square feet within its Long Island industrial portfolio. The activity brings Milvado’s total for Q1 to 105,513 square feet.
The majority of the 54,082 square feet (26,514 square feet) was leased across four properties in Ronkonkoma. Another 18,468 square feet was negotiated at two Syosset properties, including 6851 Jericho Tpke. (pictured), and 9,100 square feet was arranged in Huntington Station.
“We don’t see this buoyant level of leasing activity abating as the year progresses,” said David Hercman, director of asset management at Milvado. “The existing inventory of industrial space simply cannot accommodate the continuing demand from e-commerce retailers to warehouse consumer products.”
In all, the nine deals completed in the 60 days prior to March 31 comprised 38,196 square feet of new leases and 15,886 square feet of renewals.
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Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).