{"id":1004176901,"date":"2017-05-16T07:50:27","date_gmt":"2017-05-16T15:50:27","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004176901"},"modified":"2017-05-16T07:50:27","modified_gmt":"2017-05-16T15:50:27","slug":"nassau-county-office-building-sells-for-76m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/nassau-county-office-building-sells-for-76m\/","title":{"rendered":"Nassau County Office Building Sells for $76M"},"content":{"rendered":"<p>By Corina Stef<\/p>\n<div id=\"attachment_1004176906\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/2acd8de3c2eb19599d122e4cf2cf5ea2.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004176906\" data-attachment-id=\"1004176906\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/nassau-county-office-building-sells-for-76m\/2acd8de3c2eb19599d122e4cf2cf5ea2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/2acd8de3c2eb19599d122e4cf2cf5ea2.jpg\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"60 Charles Lindbergh Blvd., Uniondale, N.Y.\" data-image-description=\"&lt;p&gt;60 Charles Lindbergh Blvd., Uniondale, N.Y.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;60 Charles Lindbergh Blvd., Uniondale, N.Y.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/2acd8de3c2eb19599d122e4cf2cf5ea2.jpg?w=800\" class=\"wp-image-1004176906 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/2acd8de3c2eb19599d122e4cf2cf5ea2.jpg\" alt=\"60 Charles Lindbergh Blvd., Uniondale, N.Y.\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/2acd8de3c2eb19599d122e4cf2cf5ea2.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/2acd8de3c2eb19599d122e4cf2cf5ea2.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/2acd8de3c2eb19599d122e4cf2cf5ea2.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004176906\" class=\"wp-caption-text\">60 Charles Lindbergh Blvd., Uniondale, N.Y.<\/p><\/div>\n<p>JOSS Realty Partners has sold\u00a060 Charles Lindbergh Blvd., in Uniondale, N.Y. for a reported $75.5 million. The building is fully occupied through 2036 by Nassau County\u2019s Department of Health and Human Services. CBRE Vice Chairman <a href=\"https:\/\/www.commercialsearch.com\/news\/jersey-office-portfolio-commands-87m\/\">Jeffrey Dunne<\/a>, Senior Vice President David Gavin, Travis Langer, Vice President Philip Heilpern and Senior Vice President Martin Lomazow acted on behalf of the owner. Vice President Will Bradley represented the buyer, Salus Federal Properties, a company specializing in the acquisition and management of properties leased to federal agencies. The asset last traded for $62 million in 2007, according to public records. Through the disposition of the building, JOSS Realty Partners paid off a $54.5 million CMBS loan that matured this February, PropertyShark data shows.<\/p>\n<p>The two-story, 217,226-square-foot structure was built in 1982 and sits on 7.8 acres. It also features 450 parking spaces and is located adjacent to Mitchel County Park, within walking distance of retail centers such as Stewart Plaza and <a href=\"https:\/\/www.commercialsearch.com\/news\/ag-metropolitan-jv-sells-bjs-la-fitness-condo-units-in-long-island-for-66m\/\">Roosevelt Field<\/a>, museums, Nassau Community College, Hofstra University and Long Island Marriott. The property also is close to the Long Island Expressway, Northern State Parkway, Southern State Parkway, Hempstead Turnpike, Carle Place and Mineola Long Island Railroad stations.<\/p>\n<p>\u201c<em>60 Charles Lindbergh provides an irreplaceable location for Nassau County, as demonstrated by their recent renewal and long-term commitment to the property,<\/em>\u201d Dunne said in a prepared remark. \u201c<em>The acquisition of 60 Charles Lindbergh will provide secure, long-term cash flow and is a great addition to Salus\u2019 portfolio.<\/em>\u201d<\/p>\n<p><em>Image courtesy of JOSS Realty Partners<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CBRE brokered the sale of the 217,226 square-foot asset, which is fully occupied through 2036 by the county\u2019s Department of Health and Human Services.<\/p>\n","protected":false},"author":241,"featured_media":1004176906,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,1600,21742,10,21747],"tags":[32789,33939,35560,35561],"class_list":["post-1004176901","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-new-york","category-latest","category-northeast","category-office","tag-cbre","tag-jeffrey-dunne","tag-joss-realty-partners","tag-salus-federal-properties"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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