MELVILLE,
NEW YORK August 18, 2000) Reckson Associates has announced
six transactions, totaling 30,236 square feet at its Class A two-building,
310,064 square foot North Shore Atrium located in Syosset, bringing
the property's occupancy rate to 96%.
The law firm,
Stewart, Greenblatt, Manning & Baez, has joined the tenant roster
at the 209, 028 square foot 6800 Jericho Turnpike. The firm has
leased 15,411 square feet. When looking to relocate their offices,
the firm looked to Reckson. Mitchell Rechler, Co-Chief Operating
Officer of Reckson Associates, comments, "We welcome Stewart,
Greenblatt, Manning & Baez to our roster at the Atrium. They represent
the discerning tenant that Reckson seeks to attract and we look
forward to servicing their business needs. Reckson properties provide
the amenities quality tenants want, in areas that provide access
to the high-caliber work force they require. The location also delivers
a high quality of life for their employees as well."
Robert A. Seidenberg of Insignia/ESG represented the tenant in this
transaction.
Also new to
the North Shore Atrium is American Jawa, LTD., importers of tractors
and motorcycles which has leased 3,414 square feet. Shelly Friedman
of Greiner Maltz Real Estate was the broker in this transaction.
ATT Fulfillment Corp., which fullfills cellular phone orders, has
leased 3,861 square feet, Harris Rousso of Real Estate Strategies,
Ltd. represented the tenant in the lease agreement. Also leasing
is S. C. Textiles, Inc. which has renewed for 631 square feet. The
Blumenfeld Development Group, Ltd. has also renewed their lease
for 6,919 square feet.
The North Shore
Atrium, originally re-developed in 1978, is Reckson's first value-added
conversion to a Class A property. The Atrium has gained both national
attention in the press and an architectural award. Its amenities
include: A newly renovated lobby, high-speed internet connectivity
and telecommunication systems, a conference center, 24 hour/7 day
access, a fitness center with two racquetball courts and a new four-star
restaurant, Coolfish. The Atrium is convenient to major highways,
shopping and entertainment. Reckson Associates Realty Corp. is a
self-administered and self-managed real estate investment trust
(REIT) specializing in acquisition, leasing, financing, management
and development of office and industrial properties. Reckson's core
growth strategy is focused on the suburban markets surrounding and
including New York City.
Since the completion
of its initial public offering in May 1995, Reckson has acquired
or contracted to acquire or developed approximately $2.1 billion
of properties comprising approximately 16.1 million square feet
of space. Reckson Associates is one of the largest publicly-traded
owners and managers of Class A suburban office and industrial properties
in the New York City "Tri-State" area, with 185 properties
comprised of approximately 20.6 million square feet either owned
and controlled, directly or indirectly, or under contract. For additional
information on Reckson Associates Realty Corp. please visit the
Company's Web site at www.reckson.com.
Contact:
Mitchell Rechler
Co-Chief Operating Officer
(631) 694-6900
