Author: David Winzelberg
An office property in Central Islip has sold for $21.5 million. Lawrence-based Bosfa Properties purchased the 168,000-square-foot Courthouse Corporate Center on 11.05 acres at 320 Carleton Ave.
The nine-story office building was constructed in 2003. The property is 90 percent occupied.
Bosfa Properties, founded by the father and son team of Daniel and Aron Goldstein, focuses on acquisition of investment properties and development opportunities. The company plans major upgrades to the Central Islip property.
Peter Wolf of Select Real Equity Advisors represented the buyer, while Jack Bick of S. Charatan Realty and Michael Tuccillo of Marcus & Millichap represented the seller, The Benjamin Companies, in the sales transaction.
“The buyers are extremely excited to close on this transaction and they see this as an ideal value-add opportunity,” said Wolf.