Ted Stratigos, Principal and Managing Director of the Long Island office for Avison Young, announced that the firm arranged a 15-year, 40,000 s/f lease at 576 Broad Hollow Road in Melville for Professional Physical Therapy (Professional), a private outpatient provider of physical and hand therapy and rehabilitation services in the Northeast.
The company will occupy the entire first floor of the building as well as an additional partial space on the second floor.
The transaction represents both a relocation and expansion for Professional, as the space will serve as the company’s new headquarters and consolidates other operations the company had in the Queens and Nassau, Long Island market.
Stratigos and Michael Leff represented Professional Physical Therapy in the negotiations.
The Professional organization has undergone a rapid expansion over the last several years and the Avison Young account team, led by Leff, has helped support this growth by finding and securing spaces that meet their needs as a physical and hand therapy services provider.
The Avison Young team has closed numerous leases for the company across the Tri-State-Area that now serve as regional professional clinic facilities.
“Professional tasked us with finding a functional, centralized location that would provide the amenities needed to house their new company headquarters with enough capacity to expand and accommodate additional operations that may be added at a future date. After a careful search, the location at 576 Broadhollow Road in Melville provided everything our client was looking for,” noted Stratigos
“Avison Young has collaborated for many years with Professional on their commercial real estate needs and has a unique understanding of their space requirements. We’re pleased to have secured this new headquarters location and equally pleased to maintain our long-standing partnership,” added Leff.