August 21, 2007
Allstate Renews 28,000-SF Lease With Treeline

By Natalie Dolce

GARDEN CITY, NY-The Treeline Cos., an owner and manager of office properties throughout the
New York metropolitan region, announced that Allstate has renewed a 28,000-sf lease on the fifth floor of 1225 Franklin Ave. Plaza here.

 

CB Richard EllisÕ Raymond Ruiz, Marianne Dugan and John Morris represented Allstate. Kraig Silver, SVP of Treeline Cos., represented the owner. Silver tells GlobeSt.com that the aggregate lease value is approximately $4.3 million, adding that the lease term is five years.

ÒTreeline Cos. is thrilled to remain the first choice of Allstate and other top-tier new and existing tenants,Ó Silver says. ÒGarden CityÕs vibrant business district has long been regarded as one of the metropolitan regionÕs most strategic locations for insurance firms, banks, investors, law firms and others seeking the amenities and value Nassau County is known for.Ó

Franklin Avenue Plaza is a four-building commercial complex located at 1205, 1225, 1305 and 1325
Franklin Ave. situated near the Northern State Parkway, Old Country Road and Jericho Turnpike and
minutes away from the Long Island Expressway. The modern, class A property is a concrete-and-glass office complex featuring parking, on-site banking, express mail drops, a cafeteria, card store and a fitness center.

A multimillion-dollar capital improvement program is currently under way at Franklin Avenue Plaza,
encompassing upgrades to all common areas; renovations of all building systems; and the addition of amenities, first-class finishes and elegant landscaping.