Northeast

MINEOLA AND NEW YORK, N.Y. — Massey Knakal Realty Services has brokered two sales in the New York City metropolitan area. In the first transaction, the company arranged the sale of two office buildings, located at 372 and 378 Willis Ave. in Mineola. Both buildings contain two stories; the first building totals approximately 4,700 square feet and the second totals 2,200 square feet. Massey Knakal’s Nalini Chugh arranged the transaction. The buildings traded for $1.2 million. In the second transaction, Massey Knakal’s Eric Greenfield handled the $900,000 sale of an approximately 4,200-square-foot community facility located at 150 Kenilworth Place in Brooklyn’s Flatbush neighborhood. The buyer is a neighborhood developer that plans to use part of the building as his rental office and lease the remaining space to a retailer that caters to college students.

NEW YORK CITY — L&L Acquisitions has negotiated a lease renewal and expansion for office space located in Midtown Manhattan, New York City. Cornerstone Research, a national strategic and economic consulting firm, has renewed and expanded its tenancy to 34,891 square feet at 599 Lexington Avenue. Cornerstone will continue to occupy floors 42 to 44 while adding expansion space on 41. The long-term lease renewal also includes options for future growth. The 47-story office building is owned by Boston Properties. The deal was brokered by David C. Berkey of L&L Acquisitions, the brokerage arm of Manhattan-based L&L Holding Company, a privately owned real estate investment company.

WAYNE, PA. — Construction is complete for a $10 million renovation to Wayne Woods Office Center, a 12-building, 370,000-square-foot office park located at 983-999 Old Eagle School Rd. in Wayne. Construction primarily consisted of upgrades to the property to accommodate the center’s new anchor tenant, technology service provider Evolve IP. The company invested more than $10 million for a new data center and a Network Operations & Security Center that provides services to tenants of the office park. In addition, new landscaping was installed, new common area finishes were added, the parking lot was upgraded, sidewalk and curbing enhancements were added and exterior lighting was upgraded. To correspond with Evolve IP’s occupancy, the center has been renamed Evolve IP Corporate Center and the identification signage has been updated. The property is owned by GPX Realty Partners.