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Garden City, N.Y. — JLL Capital Markets has negotiated the sale of 1300 Franklin Ave., a 127,496-square-foot retail and medical office building in the Long Island community of Garden City. Originally built in the 1960s and renovated in 2007, the property comprises roughly 50,000 square feet of retail space and 50,000 square feet of medical office space, with approximately 27,000 square feet of vacant space. NYU Langone Health anchors the building, which was 78.5 percent leased at the time of sale. Other tenants include Walgreens, Cornell Medicine and Healthtrax.
Jose Cruz and Jeremy Neuer of JLL represented the seller, Intercontinental Real Estate Corp., in the transaction. David Leviton, also of JLL, provided leasing and market support.
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