Igal Namdar And Elliot Nassim Lease Office Space To Timothy Groth In Islandia For 8 Years

The property involved in the transaction is an office space located at 2929 Express Drive North in Islandia, comprising a total square footage of 11,640. The asking rent for this office asset is set at $23 per square foot, and the lease term is established for 8 years under a modified gross lease structure.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $23/ft
• Lease Term: 8 Years
• Lease Type: Modified Gross Lease
• Landlord: Igal Namdar - Namdar Realty & Elliot Nassim - Mason Asset Management
• Tenant: Timothy Groth - Groth Pain & Spine
• Landlord's Representative: Pascal Spagna
• Broker: Raymond Mordekhai - Forest Park Properties Inc.
• Note: Corporate Headquarters of Groth Pain & Spine.

This transaction involved key representatives, including the landlords, Igal Namdar and Elliot Nassim, and the tenant, Timothy Groth. Pascal Spagna represented the landlords in this lease agreement, while Raymond Mordekhai acted as the broker for the transaction.