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Deals & Dealmakers

CBRE brokers win Long Islandʼs Deal of the Year

The Association for a Better Long Island (ABLI) and the Commercial Industrial Brokers Society (CIBS) presented the Long Island Most Ingenious Deal of the Year Award to Martin Lomazow and Phil Heilpern of CBRE Inc. last week.

The pair won for a transaction that will enable Publishers Clearing House (PCH) to move from two buildings in Port Washington to 171,000 s/f of leased office space in the We’re Group’s 300 Jericho Quadrangle.

Both PCH and We’Re received tax incentives from the Nassau County Industrial Development Agency to renovate the building and keep PCH’s headquarters in Nassau County.

Lomazow and Heilpern also assisted PCH in early 2015 in the sale/leaseback of its two buildings, which are on 18 acres in Port Washington, to the investment firm, Little Rock Construction. Mark Weiss of Newmark Grubb Knight Frank in Manhattan assisted in the transaction.

The Developer of the Year Award, meanwhile was presented to Rechler Equity Partners for 220 Rogers Way, the Hamptons Business District 60,000 s/f, Class-A commercial project at Gabreski Airport in Westhampton Beach.

The Hampton Business District includes 50 acres leased from Suffolk County. About 85 percent of the space at 220 Rogers Way has been leased to AC Lighting & Electric, Carrier Enterprise and Tate’s Bake Shop.

The $9 million building was built and designed in-house by Rechler Equity Partners in collaboration with Arrowstreet Architecture and Design, of Boston.

The awards were announced April 7, 2016, at the annual gala dinner of the ABLI and CIBS, which brought together hundreds of Long Island regional real estate industry leaders and professionals at Carlyle on the Green in Bethpage State Park.

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