Insurance giant, Allstate, locks in 28,000 s/f Garden City lease

Real Estate Weekly,  August 22, 2007  

Tags: Allstate Corp., insurance

• E-mail
• Print
• Link

The Treeline Companiesannounced that Allstate, the nation's largest publicly held insurance firm, renewed a 28,000 s/f lease on the fifth floor of 1225 Franklin Avenue Plaza in Garden City, New York. Kraig Silver, Senior Vice President of Treeline Companies, made the announcement.

CB Richard Ellis' Raymond Ruiz, Marianne Dugan and John Morris represented All state in the renewal negotiations. Mr. Silver represented the owner, The Treeline Companies.

"Treeline Companies is thrilled to remain the first choice of Allstate and other top-tier new and existing tenants," Silver commented. "Garden City's vibrant business district has long been regarded as one of the metropolitan region's most strategic locations for insurance firms, banks, investors, law firms and others seeking the amenities and value Nassau County is known for."

Franklin Avenue Plaza is a four-building commercial complex located at 1205, 1225, 1305 and 1325 Franklin Avenue in Garden City, conveniently situated near the Northern State Parkway, Old Country Road and Jericho Turnpike and minutes away from the Long Island Expressway. The modern, Class A property is a concrete-and-glass office complex featuring ample parking, on-site banking, express mail drops, a cafeteria, card store and a fitness center.

A multi-million dollar capital improvement program is currently underway at Franklin Avenue Plaza, encompassing upgrades to all common areas; renovations of all building systems; and the addition of top-notch amenities, firstclass finishes and elegant landscaping.

COPYRIGHT 2007 Hagedorn Publication
COPYRIGHT 2008 Gale, Cengage Learning