Newsday to keep Farmingdale distribution space amid HQ move

New York /
Mar.March 11, 2019 01:48 PM

Long Island’s largest newspaper, Newsday, has renewed its lease on a 38,600-square-foot warehouse and distribution space at 360 Smith Street in Farmingdale, Long Island Business News reported. The newspaper has leased the space for the past two decades and asking rent for the property was $12.50 per square foot, according to GlobeSt. The property’s landlord, Syosset-based Milvado Property Group, represented itself in the renewal, while Avison Young’s Frank Pagano took the lead for Newsday. “Newsday is an amazing tenant. Its company is crucial for news delivery throughout Long Island and we are pleased to be able to accommodate their residency for the future,” said a statement from Milvado regional director David Hercman. The renewal comes as Newsday prepares to leave its current 530,000-square-foot headquarters at 235 Pinelawn Road in Melville and move to a more modest 120,000-square-foot space nearby at 2 Corporate Center Drive. The property at 235 Pinelawn Road, which spans 48.5 acres, was owned by the Tribune Media Company until it was sold late last year to New Jersey-based Hartz Mountain Industries for $54.5 million. [LIBN]


Related Articles

arrow_forward_ios
Suburban condos get competitive

Suburban condos get competitive

Suburban condos get competitive
23 Ezekillis Hollow in Sag Harbor (Photos courtesy of Compass)

Year’s most expensive home in Sag Harbor sold for $15M

Year’s most expensive home in Sag Harbor sold for $15M
Mahnaz Zahedi pictured with her parents in 1962 (inset) and  444 E Alexander Palm Road (Getty, Zillow)

Hotelier buys waterfront Boca Raton home for $6M

Hotelier buys waterfront Boca Raton home for $6M
Long Island is aiming to keep the business it grabbed from the city during the pandemic, and it now knows how. (iStock)

Long Island plots to keep its pandemic gains from NYC

Long Island plots to keep its pandemic gains from NYC
Bronx-Manhattan North Association of Realtors' Eliezer Rodriguez and Hudson Gateway Association of Realtors' Richard Haggerty (Photos via Facebook)

New York’s biggest MLS gets bigger after merger

New York’s biggest MLS gets bigger after merger
Ed D’Ambrosio (center) with Dottie Herman and Rory Golod (Elliman, Twitter)

O Brother, where art thou? Dottie Herman’s brother leaves for Compass

O Brother, where art thou? Dottie Herman’s brother leaves for Compass
J.C. Penney at the Westfield South Shore mall in Long Island and  J.C. Penney CEO Jill Soltau (Google Maps; Getty)

J.C. Penney to keep Bay Shore outpost open for now

J.C. Penney to keep Bay Shore outpost open for now
State Sens. Brian Kavanagh and Kevin Thomas (NY Gov; Getty; iStock)

“What would we discipline them for?”: Brokers deny discrimination at heated hearing

“What would we discipline them for?”: Brokers deny discrimination at heated hearing
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...