Kalmon Dolgin Affiliates (KDA) has arranged a 29,000 s/f, long-term lease for Cadogan Tate, a London-based fine arts storage company, at 260 Spagnoli Road in Melville, N.Y. Kalmon Dolgin and Neil Dolgin, co-presidents of Kalmon Dolgin Affiliates, made the announcement.
Grant Dolgin of Kalmon Dolgin Affiliates represented the tenant, Cadogan Tate, while Jeffrey Schwartzberg of Premier Commercial Real Estate represented the owner, Gold Realty NY LLC, in the lease negotiations.
The one-story, 35,000 SF property at 260 Spagnoli Road is currently under construction by owner Gold Realty NY LLC. The property will have 36-foot ceilings, with numerous loading docks and drive-in doors. There will also be some mezzanine office space. Cadogan Tate will occupy 29,000 SF of the new property for storage of fine arts and furniture, while the owner, Gold Realty NY LLC will occupy the remaining 6,000 SF.
“Cadogan Tate will be moving into a brand-new building on Long Island that is built-to-suit for its art storage needs. The company was able to get a similar amount of square footage as its city locations for a lower price per square foot,” said Grant Dolgin. “Plus, it allows Cadogan Tate to break into the Long Island market. The central location of 260 Spagnoli Road, close to the Long Island Expressway, Northern State Parkway and Route 110, is perfect for clients from all over the Island.”
For more than 35 years, Cadogan Tate has been a well-respected international art storage and shipping service provider, offering locations in London, Paris, Côte d’Azur, and Los Angeles. Its services include secure, temperature controlled storage for fine art; local, national and international transport; and inventory tracking. Cadogan Tate also has a 67,400 SF location in the Greenpoint section of Brooklyn, N.Y. at 301 Norman Avenue, a deal that was previously brokered by Kalmon Dolgin. The company has other locations in Long Island City and Astoria.
Founded in 1904, Kalmon Dolgin Affiliates offers over a century’s worth of experience in the management, sale, leasing and marketing of commercial and industrial property throughout the New York Metropolitan region. In addition to its staff of 35 brokers, Kalmon Dolgin Affiliates, through its subsidiary, KND Management Co., Inc., operates a portfolio of over six million square feet of industrial, office, medical and retail space in ten states. Their highly-trained professionals offer a practical, street-wise approach to real estate, supported by the latest in real estate management and research technology and four generations of unparalleled expertise.