NEW JERSEY—Ivy Realty, based in Montvale, N.J. and
Greenwich, Conn. has acquired Station Plaza, a two-building,
420,433-sq.-ft. office complex in Hicksville, N.Y. from Duffy HH
LLC. HFF marketed the complex on behalf of the seller and arranged
financing for the property through Aetna Life Insurance Company on
behalf of the purchaser.
The HFF investment sales team representing the seller was led by
Andrew Scandalios and Jose Cruz, both senior managing directors,
and Kevin O’Hearn and Jeffrey Julien, managing directors.
HFF’s debt placement team was led by Senior Managing Director
Located at 100, 102 and 110 Duffy Ave., the complex is comprised
of two five-story buildings and is situated next to the Hicksville
Long Island Rail Road Station approximately 25 miles from Manhattan
on Long Island. Currently, the buildings are approximately 36
percent leased to tenants that include New York Sports Club and
Farmers Insurance Group, among others.
Ivy Realty is a full-service real estate investment, development
and management company based in Greenwich, Connecticut and
Montvale, New Jersey. The Company was founded in 1996 to acquire
and operate value-add commercial real estate assets in select
markets within the Northeast Corridor (Boston to Washington, D.C.)
and Southeastern Florida. Since 1996, Ivy has led the acquisition
of more than nine million square feet of office, industrial,
multi-family and retail properties in these markets.