14C — May 26 - June 8, 2017 — Industrial / Distribution Centers — M id A tlantic

Real Estate Journal


I ndustrial R eal E state & D istribution C enters Brandel of CBRE real estate represented Northwell in the transaction Nassimi Realty completes 50,000 s/f lease of warehouse space in the office & industrial building L

continued on next page Cushman & Wakefield’s in- dustrial research weighs the impact of trade with China – the U.S.’s second largest trading partner and its third facilities. This will facilitate their storage requirements and consequently better serve patients and the community- at-large.” Daniel Brandel of CBRE real estate represented Northwell in the transaction. Northwell Health is New York State’s largest health care provider and private employer, with 21 hospitals and over 550 outpatient prac- tices. n Pondering President Trump’s trade policy and impact on industrial real estate CHICAGO, IL — President Donald Trump’s focus on curb- ing the trade deficit by bolster- ing U.S. exports and reducing imports could drive policy changes that impact industrial real estate markets throughout the U.S., Cushman & Wake- field reported in a logistics and industrial research briefing. However, the report concludes that a trade war with China or US withdrawal from NAFTA remain unlikely. “President Trump says he believes in ‘free trade but also fair trade,’ and as policy de- tails emerge, companies will start looking at their supply chain networks to determine the impact on operating costs,” said Jason Tolliver , head of Industrial Research, Americas at Cushman &Wakefield. “The importance of China, Mexico and Canada as export partners makes withdrawal from the North American Free Trade Agreement or a trade war with China unlikely scenarios.” The U.S. is engaged in com- plicated trade obligations with 20 countries through 14 free trade agreements. Free trade partners account for nearly 70% of U.S. exports and more than 80% of imports. The re- port considered two executive orders Trump recently signed to make trade policy tougher on foreign governments that subsidize companies that sell goods at below-market prices and calling for the Commerce Department to produce a report on every possible reason for the trade deficit in 90 days.

AKE SUCCESS, NY — Nassimi Realty an- nounced the arrival of Northwell Health at their property at 2500 Marcus Ave. in Lake Success. North- well has leased 50,000 s/f of warehouse in the office & industrial building, which has now reached full occupancy. Kevin Nassimi of Nassimi Realty said, “We are happy to provide Northwell with a warehouse in such close proximity to Long Island Jewish Medical Center, North Shore University Hospital and other Northwell Health

2500 Marcus Ave.


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