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Deals & Dealmakers

Hospital lease at shuttered Sears store wins Leviton Deal of the Year award

For the first time since the start of the pandemic, the Commercial Industrial Brokers Society (CIBS) gathered in person to present the Long Island Most Ingenious Deal of the Year (MIDY) Award at an event co-sponsored by the Association for a Better Long Island (ABLI).

David Leviton, senior managing director at JLL in Melville was recognized with the 2021 award and CIBS also presented its 2019 and 2020 MIDY awards.

Leviton won for his work securing a 172,000 square foot, 31-year-plus deal for Stony Brook University Hospital (SBUH) to turn the former Sears department store building in Lake Grove’s Smith Haven Mall – owned by the local Steel Equities – into a state-of-the-art medical office building.

Following two years of virtual award celebrations, CIBS recognized the work of ingenious dealmakers from 2019 and 2020. Tenant representative, Ted Stratigos, managing director with Avison Young, and landlord representatives Paul Amoruso, managing partner, and Mike Ciotta, director, both of Oxford & Simpson, won the 2020 MIDY for their work arranging a complex 93,000 square feet, 12-year direct lease to 1-800-Flowers at 2 Jericho Plaza owned by Onyx.

Cushman & Wakefield executive managing director David Pennetta received the 2019 Most Ingenious Deal of the Year (MIDY) for the 152,000 square feet, 20-year lease to the Department of Social Services at 3455 Veterans Memorial Highway in Ronkonkoma owned by Pitcairn Properties.

“I want to thank the selection committee of the ABLI and CIBS for this tremendous honor,” commented Leviton, a past president of CIBS and veteran Long Island broker. “It is humbling to be placed in such distinguished ranks as those of the past honorees and those brokers also considered for the award this year, many of whom I have worked with during my career and all of whom continue to make tremendous contributions to our industry.”

“Following a two-year COVID-enforced hiatus, we felt it was important to put the spotlight on the critical role commercial real estate brokers play in keeping Long Island’s economy moving forward,” said CIBS President Daniel J. Wiener. “All of our winners and nominees, past and present, deserve to be applauded for their ingenuity, often in the face of tremendous hurdles, in creating solutions that help make Long Island an even better place to live and work.”

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