WESTBURY, NY-The Fortunoff family, which last July bought backthe intellectual property of the department store chain bearing itsname, has also made a move with real property. It has hired CBRichard Ellis to spearhead an office leasing campaign forapproximately 114,000 square feet of space at the former Fortunoffflagship store at 1300 Old Country Rd. here. A CBRE spokesman tellsGlobeSt.com the remainder of the 220,000-square-foot property iscurrently planned to be set aside for retail.

CBRE’s Vincent LaManna and Richard Freel will spearhead theleasing campaign on behalf of the property’s ownership, theFortunoff family. The property is adjacent to the Source Mall, andthe access to shopping and restaurants is one of the locationalaspects the CBRE team will be highlighting. They’ll also focus onits convenience to both highways and mass transit as well as thesignage and branding opportunities that 1300 Old Country offers,according to a release.

The conversion to office space is intended to accommodate avariety of large block users including educational, corporate backoffice, medical and government agency tenants. It offers ceilingheights of up to 18 feet, and the CBRE spokesman says the ownershipis offering a work allowance for tenant improvements.

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Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.