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Feil Organization Pays $50M for Sunrise Business Center

NEW YORK—The Feil Organization has paid $50 million to Metropolitan Realty Associates LLC (MRA) and Angelo, Gordon and Co. LP to acquire Sunrise Business Center in Great River, N.Y. The transaction marks the largest office transaction on Long Island so far this year.

Jeffrey Dunne, Steven Bardsley and Patrick Carino of CBRE’s New York institutional group worked with David Leviton of CBRE’s brokerage division in representing A-G Metropolitan Sunrise LLC, the joint venture of MRA and Angelo, Gordon and Co., in the sale. The team also procured the buyer, Sunrise Business Associates LLC, the entity controlled by The Feil Organization.

At the time of the transaction, the center was 98 percent occupied.

Totaling 388,500 sq. ft. of space, Sunrise Business Office is comprised of four interconnected buildings. The park offers energy-efficient office space to tenants as well as amenities including cafeteria and close proximity to the Southern State Parkway and visibility from Sunrise Highway.

Tenants at the property include University Support Services; St. Joseph’s University; Netsmart Technologies; Citizens Bank; Verizon; T-Mobile; National Recovery Corp.; National Response Corp.; Leonard Vincent Group; Cintas Corp.; and Hearst Publications, among others.

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