Mixed-use medical and retail building on Long Island trades
United States, Dec. 9 -- JLL Capital Markets ("JLL") announced that it has completed the sale of 1300 Franklin Ave., a 127,496-square-foot, mixed-use medical and retail building in Garden City, New York.Working on behalf of the seller, Intercontinental Real Estate Corporation ("Intercontinental"), JLL arranged the sale of the property to a private buyer.1300 Franklin Ave was originally built in the 1960's and was extensively renovated in 2007. The 78.5%-occupied property consists of roughly 50,000 square feet of medical office space and 50,000 square feet of retail space, with another 27,000 currently vacant. The high-profile tenant mix includes NYU Langone Health, Walgreens, Cornell Medicine and Healthtrax.The property is positioned on 2.3...
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