Case Studies

Paetec Communications INC.
58 South Service Road
Melville, NY 11746

• April 2011
• Reduced Rent by $4.00 PSF
• Four Months Concession
• $35 Work Letter Including
• Glass Walls throughout, Wall Covering, Upgraded Lighting and Carpeting
• $450,000 Aggregate Work and Savings

William H. Kopke, Jr., Inc.

1000 Northern Boulevard
Great Neck, NY 11021

• September 2010
• Reduced Rent by $6.00 PSF to $25.00 PSF
• Six Months Concession
• $35 PSF Work Letter
• Including Glass Walls throughout, Granite and Solid Wood Flooring
• Wall Covering, Upgraded Basket Lighting
• Due to Time Constraints Arranged Occupancy within Two Months from Lease Signing
• $626,500 Aggregate Work and Savings

LBi Software, Inc.
7600 Jericho Turnpike
Woodbury, NY 11797

• June 2009
• Reduced Rate by $5.00 PSF
• New Lease Began One Year before Expiration
• Complete New Office Build Out to Tenant Specs
• New Tax Base
• Capped Tax and Electric Pass-Through
• $550,000 Aggregate Work and Savings

Hirsch, Britt & Mosé
1225 Franklin Avenue
Garden City, NY 11530

• April 2008
• Reduced Rent by $3.00 PSF
• Three Months Concession
• New Tax Base
• Renegotiated Terms of Original Lease to HBM’s Benefit
• New Paint and Carpet
• $90,800 Aggregate Work and Savings

Oppenheimer & Co., Inc.
115 Broad Hollow Road
Melville, New York 11746

• September 2006
• Reduced Rent by $4.00 PSF
• Three Months Concession
• New Tax Base
• Eliminated Rent Increases for Three Years
• New Paint and Carpet
• $262,000 Aggregate Work and Savings

Ernest D. Loewenwarter & Co., LLP
200 Old Country Road
Mineola, NY 11501

• October 2006
• Reduced Rent by $8.50 PSF
• New Tax Base
• New Paint and Carpet
• Miscellaneous Repairs throughout Suite
• $288,000 Aggregate Work and Savings

Adults and Children with Learning and Developmental Disabilities
50 Republic Road
Melville, NY 11746

• July 2005
• Reduced Rent by $4.50 PSF
• Reduced Annual Increase to the Base Rent by .5%
• Eliminated Last Year of Prior Lease
• Received Work Letter in the amount of $15.00 PSF
• Eliminated Security
• $275,000 Aggregate Work and Savings