Greiner-Maltz Leases 45-01 Vernon Blvd. to New York Blood Center

Long Island City, NY, May 2, 2005 -- New York Blood Center (NYBC), one of the nation’s largest not-for-profit, blood distribution and service organizations has just inked a long-term lease for a 76,000 sq. ft. commercial property in Long Island City, NY.

According to John Maltz, President and Gary R. Blum, Director of Conversion Development at Greiner-Maltz, the brokers who represented the ownership of 45-01 Vernon Blvd., NYBC will not only bring vital jobs to the Long Island City neighborhood, but validates Long Island City as a prime commercial destination at a time when most properties are looked upon solely for their residential conversion value.

NYBC first inspected the property in the summer of 2004 through their exclusive broker, CB Richard Ellis. Lengthy negotiations continued through to mid-April, due in part to the detailed requirements of the tenant. The ownership of the property, once an occupant of the building and a strong supporter of Long Island City’s growth, viewed this transaction as a win-win proposal for both Long Island City and the many people that NYBC provides vital services for.

About Greiner-Maltz
Since 1953 Greiner-Maltz has been engaged exclusively in the leasing, selling, appraising and managing of industrial, commercial, and investment property in Manhattan, Brooklyn, Queens, Long Island, New Jersey, Westchester, and Connecticut. The firms five offices are actively managed by Principals: John Maltz and Sharone Levy in Brooklyn and Queens; Swain Weiner, metro area investments; Tom Attivissimo in Long Island, Raymond Musalo in New Jersey, and Ayall Schanzer in Westchester.