1031 LEASEHOLD SALE
$32,000,000
CLOSED: AUGUST 2020
395 NORTH SERVICE ROAD
Melville, New York
 

CBRE is pleased to announce that it closed on the sale of the Leasehold Interest in 395 North Service Road in Melville, NY. CBRE represented RXR Realty in the sale and also procured the purchaser, The Feil Organization, a New York City-based real estate investment company.

This transaction follows on the heels of several other major suburban office sales in the region this year by the team, including the $311M sale of Park Avenue at Morris County in Florham Park, N.J., the $26.24M sale of Windsor Corporate Park in East Windsor, N.J., the $42.5M sale of 140-150 Grand Street in White Plains, N.Y. and 54 Wilton in Westport, Conn.

395 North Service Road is a 202,225 SF office building that is currently 87% leased to a solid roster of high credit tenants, which includes JP Morgan Chase, Total System Services and Janney Montgomery. Located in Western Suffolk County, one of Long Island’s most coveted submarkets with only 10% vacancy, 395 North Service Road is situated within the prestigious Route 110 corridor, adjacent to the Long Island Expressway and proximate to the Northern State Parkway.
For more information about this transaction, please contact:
 
JEFFREY DUNNE
Vice Chairman
+1 203 352 8928
jeff.dunne@cbre.com
 
JEREMY NEUER
Executive Vice President
+1 732 509 2888
jeremy.neuer@cbre.com
 
STEVEN BARDSLEY
Senior Vice President
+1 203 352 8933
steven.bardsley@cbre.com 
 
GENE PRIDE
Senior Vice President
+1 203 352 8906
gene.pride@cbre.com
 
DAVID GAVIN
Senior Vice President
+1 203 352 8944
david.gavin@cbre.com
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