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Deals & Dealmakers

Cushman team finds good match for LIC property

Cushman & Wakefield announced that the firm has arranged a new full floor lease at the Lion Match Building located at 22-15 43rd Avenue in Long Island City, NY.

Tri-County Care will occupy the entire top floor of the property totaling 17,060 rentable square feet.
Joseph Grotto and Edward Kent represented the building owners, working with the majority owner and managing agent, Werwaiss & Co., Inc. to complete the transaction.

This new lease follows significant activity in the second half of 2018 during which three new leases were signed – with RCN Telecom Services of New York, L.P, ClearChoice Management Services, LLC, and Werwaiss & Co. Inc. Collectively, these four transactions bring recent leasing activity at the property to over 37,000 s/f following renovations to the historic Lion Match Building.

“Long Island City is an exciting, high growth area attracting many new tenants due to its prime location as well as the availability of favorable economic incentives,” said Grotto.

“More specifically, the Lion Match Building offers tremendous transportation access given its proximity to both Court Square and Queens Plaza, which was ideal for Tri-County Care and its employees as the company looked to expand beyond its existing Brooklyn and Queens locations.”

Tri-County Care is a one of seven Care Coordination Organization Health Homes (CCO/HH) designated in New York State in which they provide the New York State Department of Health (NYSDOH) supported services including home care, personal care and Managed Long Term Care.

The organization was represented by Jeff Unger from Kalmon Dolgin Affiliates, Inc in the transaction, and will use the premises for administrative offices.

Built in 1924 as a manufacturing and warehouse location for the Lion Match Company, 22-15 43rd Avenue is a four-story, 60,000 s/f boutique commercial office and retail building.

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