Newmark Grubb Knight Frank (NGKF) is pleased to announce it has been selected as the exclusive leasing agent for 900 Stewart Avenue, a 250,000-square-foot Class A office building in Garden City, New York. The 5th and 6th floors of the building contain 92,000 square feet of contiguous space. Managing Directors Daniel Oliver and Scott Berfas and Associate Director Jordan Oliver are handling the leasing assignment on behalf of the owners Onyx Equities and The Davis Companies.
The space, which was previously occupied by JP Morgan Chase, has been reconfigured for multi-tenant use. The building recently underwent a multi-million-dollar capital improvement program complete with all new common areas and bathrooms, covered parking area, 50-foot glass atrium, barista café in the lobby area with seating and has achieved Wired Silver status, providing great connectivity for businesses.
“900 Stewart Avenue offers the largest contiguous block of Class A office space in Nassau County and is a very rare opportunity with a prestigious Garden City address” said Daniel Oliver. “The asset checks all the boxes for companies that are looking for a first-class work environment and ownership has committed a significant investment into the project to make that happen,” said Scott Berfas.
The respective six-story building offers convenient access to the LIRR train stations via a NICE bus stop on Stewart Avenue, is steps away from the Meadowbrook Parkway and less than two miles from the Long Island Expressway and the Northern State Parkway. The building is also located only minutes from Roosevelt Field Shopping Center and major hotels. Current tenants at 900 Stewart Avenue include Aon Insurance, Bottom Line Technologies and Mass Mutual.
About The Davis Companies
Committed to excellence in both investment performance and operations, The Davis Companies is an integrated real estate investment, development and management firm headquartered in Boston that has invested more than $4 billion in gross asset value through real estate equity, debt, and fixed-income securities. A unique combination of capital markets, development and management expertise allows The Davis Companies to nimbly tackle complex and contrarian opportunities. Directly, and with its valued partners, The Davis Companies currently owns a real estate portfolio of approximately 12 million square feet across the Eastern United States.
About Onyx Equities, LLC
Headquartered in Woodbridge, New Jersey, Onyx Equities, LLC is a leading private real estate investment, management and development firm. Since its founding in 2004, Onyx has acquired more than $2 billion worth of real estate assets throughout New Jersey, New York, Pennsylvania and Connecticut. Since 2008, the firm has owned, managed or served as the appointed Receiver for more than 40 million square feet of office, retail, industrial, and self-storage properties. The company’s rapidly growing Receivership and REO portfolio has recently expanded into 11 states along the east coast. For more information on Onyx Equities, contact the firm at 732-362-8800, or visit www.onyxequities.com.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank (NGKF) is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 14,100 professionals operate from more than 400 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com/.