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Two LI brokers honored for ‘most ingenious deal of the year’

Publishers Clearing House is moving to 300 Jericho

Publishers Clearing House is moving to 300 Jericho Quadrangle in Jericho from Port Washington, a deal that earned two brokers an award. Photo Credit: Steve Pfost

Two brokers at commercial brokerage firm CBRE were honored Thursday night by the Association for a Better Long Island and the Commercial Industrial Brokers Society for pulling off the “most ingenious deal of the year.”

Martin Lomazow and Phil Heilpern, brokers in CBRE Inc.’s Melville office, were honored for their work on a transaction that will help sweepstakes company Publishers Clearing House move from Port Washington to Jericho. PCH will lease 170,000 square feet at 300 Jericho Quadrangle from landlord the We’Re Group.

Last summer, PCH and We’Re were given tax benefits by the Nassau County Industrial Development Agency to facilitate the $37 million move and space renovation, which keeps more than 400 jobs in the county. The company had considered moving its headquarters to Suffolk County, Manhattan or Maine.

Lomazow said the deal faced several obstacles, including a limited amount of “large blocks in the market to choose from, as well as other tenants that were competing for the same space.”

Lomazow has won the “most ingenious deal” award at least five times since 1999, according to CBRE’s website.

Plainview-based developer Rechler Equity Partners was presented the developer of the year award for its work on 220 Rogers Way, a $9 million, 60,000-square-foot office building at Francis S. Gabreski Airport in Westhampton. The building marks the first phase of the Hamptons Business District, a planned industrial park on 50 acres of leased Suffolk County land.

“It was typical of development on Long Island and the struggles you go through,” Mitchell Rechler, managing partner at Rechler Equity, said about the project. “We’re excited about getting recognition in our industry.”

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