Past
2500 Marcus Avenue
Office·Lake Success, New York·1978

StatusCompleted
Property TypeOffice
Size64,000 sq ft
Overview
A landmark Long Island office and warehouse building designed by I.M. Pei in 1978. 64,000 square feet on 5.5 acres in Lake Success, acquired through a court-appointed referee sale in a state of significant decline.
"A 35% value increase over a five-year hold."
Renovations included extensive site work, new HVAC systems, and upgraded interior finishes. The property was repositioned and re-tenanted with NY Blood Services, several medical practices, and the northeast regional office and distribution center for a major apparel and fashion brand. Sold fully leased and financially stabilized — a 35% value increase over a five-year hold.
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