Former Westbury HQ of 1-800-Flowers is sold
The former Westbury headquarters of 1-800-Flowers has been sold. Credit: Cushman & Wakefield
After renovation and redesign as a multitenant building, the former headquarters of 1-800-Flowers in Westbury has been sold, the broker said this week.
The buyer of the 220,000-square-foot building is a private Manhattan-based company, Cushman & Wakefield Inc. said in a news release. The broker did not disclose the buyer's name.
Cushman & Wakefield's Metropolitan Area Capital Markets Group said it represented the seller, and found a buyer for the building.
"It was a very good purchase, a class A asset that traded at well below replacement cost," David Bernhaut, of Cushman & Wakefield, said.
The building, which is about 90 percent occupied, is on 11 acres in a commercial submarket of Westbury, near Garden City, known as The Hub, the broker said. It was built in 1986 and is near the Meadowbrook State Parkway.
It has a full-height atrium, cafeteria and concierge service.
-------------------
Read more of Inside Long Island Business
Latest on the weather ... Scourge of street takeovers ... Riders unhappy with LIRR ... Top high school football talent ... Get the latest news and more great videos at NewsdayTV
Latest on the weather ... Scourge of street takeovers ... Riders unhappy with LIRR ... Top high school football talent ... Get the latest news and more great videos at NewsdayTV
