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The board of the Nassau County Industrial Development Agency has given preliminary approval for a package of development incentives to renovate 96,867 square feet of new office space in Long Island.
As more people face sudden unemployment during the slowdown, the Opportunity Zones initiative and if utilized, the EB-5 investor program will continue to provide jobs to distressed communities across the country.
Due to the coronavirus pandemic, Manhattan office leasing tenants have pressed pause on contracts for new space, according to a recent Avison Young report.
With extremely low vacancy in the Laredo market, this I-35 Logistics Center should provide some much-needed relief to the area and provide tenants with previously lacking new space.