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For Immediate Release: Wednesday, September 24, 2008 Ideal Distribution Site In Heart Of NYC Transportation Hub Available For Lease; CB Richard Ellis Named Exclusive Broker West Hempstead, NY, September 24, 2008 – C.B. Richard Ellis has been named exclusive leasing broker for a 10-acre site in one of the most dynamic industrial locations in the United States. The site is owned by an affiliate of Lighthouse Real Estate Ventures. Located at 825 Bronx River Avenue in the Soundview Section of the Bronx, New York City, the site is zoned for light industrial use (M1-1) and offers approximately 440,000 sq. ft. of total buildable square footage. It is situated across from the Hunt’s Point Industrial Park, proximate to the Bruckner Expressway, the Cross Bronx Expressway and the Major Deegan Expressway, providing direct access to the George Washington, Throgs Neck, Whitestone and Triboro Bridges, as well as the Third Avenue and Willis Avenue Bridges into Manhattan. The superior transportation infrastructure surrounding 825 Bronx River Avenue makes it one of the most efficient distribution locations in the New York Metropolitan area within easy reach of the region’s major population centers, including the five boroughs of New York City; Westchester Putnam, Orange and Rockland Counties to the north; northern New Jersey to the West; Nassau and Suffolk Counties to the South; and the western counties of Connecticut. The property will be delivered vacant. The land is available for net lease from the owner or the owner will build to suit on a triple net lease basis. For leasing information, contact John Reinertsen (John.Reinertsen@cbre.com) or William Jordan (William.Jordan@cbre.com) at CB Richard Ellis, or call: (718) 937-6111. The site information can also be viewed at www.cbre.com/longisland (property brochures link). About Lighthouse Real Estate Ventures Lighthouse Real Estate Ventures, Inc. (www.lighthouserev.com) is a real estate investment company specializing in transforming under-managed properties performing at below market levels into valuable, high-occupancy, quality tenanted assets. Leveraging the partners’ combined experience in capital renovation and redevelopment, carefully planned leasing strategies, and responsive hands-on management, LREV has acquired and subsequently improved over 3.4 million square feet of commercial and mixed-use space throughout New York, New Jersey, and Connecticut. For more information call (516) 693-5500. |