The following are some of the recent transactions by Island Associates

Tuesday April 1, 2008, NY Real Estate Journal

    Island Associates has successfully brokered another CVS site on Jericho Tpke. and
Roslyn Rd. consisting of approximately 57,000 s/f or 1.31 acres. The site was former
Jericho Diner and a closed gas station. The fee owner is BRT Realty consisting of local
developers who purchased the property in '06. The site involved assembling both the gas
station and the diner to provide access on Roslyn Rd. and Jericho Tpke. The permit for
13,000 s/f store with a drive thru entailed over 18 months to consummate transaction with
the fee owner, site plans and submittal to the Village of Mineola.


    This dilatory process involved the DOT, environmental agencies and the village all
working to the eventual construction of a CVS at this location. Aggregate rental exceeds
$13 million. The site is located at a light directly opposite Walgreen's. Island Associates
represented CVS with Gary Brody from Brody Realty representing the fee owner.