Century Plaza in Mineola sold to Lalezarian Properties
Century Plaza, a three-story office building at 330 Old Country Rd. in Mineola, on Oct. 15, 2015. Lake Success-based developer Lalezarian Properties has bought for an undisclosed sum. Credit: Howard Schnapp
TIAA-CREF, a financial services firm based in Manhattan, has sold a three-story office building at 330 Old Country Rd. in Mineola to Lake Success-based developer Lalezarian Properties. The price was not disclosed.
The 115,000-square-foot Century Plaza, built in 1990 and renovated in 2009, was 95 percent leased at the time of sale, according to a news release. Current tenants include Liberty Mutual Insurance, Oracle America Inc. and Did-it.com, an online advertising and marketing firm.
The building has 475 parking spaces and sits near Winthrop-University Hospital and the Long Island Rail Road station in Mineola, a major factor in the building's appeal, said officials with Cushman & Wakefield, the brokerage that oversaw the deal.
Lalezarian Properties is also working on developing two multifamily residential projects in the area, including a rental complex at 250 Old Country Rd. and an eight-story apartment complex near the LIRR station.
Sarra Sounds Off, Season 3, Ep 4: Top football teams in action, fantasy update and plays of the week Gregg Sarra sounds off on the Nassau Conference II football matchup between Calhoun at Carey, plus the comeback story of New Hyde Park's Gabriel Peter, an update on the high school fantasy football standings and the plays of the week.
Sarra Sounds Off, Season 3, Ep 4: Top football teams in action, fantasy update and plays of the week Gregg Sarra sounds off on the Nassau Conference II football matchup between Calhoun at Carey, plus the comeback story of New Hyde Park's Gabriel Peter, an update on the high school fantasy football standings and the plays of the week.
