15-acre Medford office complex sells to NJ-based investment firm

TRD New York /
Aug.August 06, 2018 02:58 PM

New Jersey-based PAG Investments bought the Brookhaven Executive Center in Medford for what real estate sources estimate was $7.2 million. The price wasn’t officially disclosed. The 155,079-square-foot office complex sits on 15-acre campus and is 53 percent occupied. It was once owned by Paul Elliott, the CEO of Soundview Realty Group. It was foreclosed on in 2014 and then taken over by American General Life Insurance, a subsidiary of AIG Global. Kevin Welsh, Brian Schulz, Chuck Kohaut and Jason Emrani of Newmark Knight Frank’s Tri-State Capital Markets team worked with colleagues in their company’s Melville office — Scott Berfas, Dan Oliver and Jordan Oliver — to represent AIG and find a buyer.  [LIBN]


Related Articles

arrow_forward_ios

Islanders expect to break ground on Belmont arena project this summer, late composer’s Sands Point estate has another price cut & more Long Island real estate news

First hotel in decades could come to Babylon, waterfront Centre Island property gets $3M price cut & more Long Island real estate news

Nation’s first affordable housing development for LGBT seniors to open in Bay Shore, West Islip home with helipad hits the market & more Long Island real estate news

Jerry Wolkoff wants a new industrial building in Edgewood, former newspaper mogul’s Gold Coast mansion seeks $13M & more Long Island real estate news

Long Island’s hotel market could be headed for a downturn

Brookfield pitches $400M mixed-use project in Manhasset, Lake Success home from Whitney Houston film lists for $6.3M & more Long Island real estate news

Hamptons resi brokers remain resolute, despite a slumping luxury market

Arbor Realty CEO buys Bridgehampton’s Three Ponds Farm for $35M, Harry Macklowe’s East Hampton home lists for $21M & more Hamptons real estate news

arrow_forward_ios