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Breslin Reality
Service All Facets of Real Estate
Breslin Realty is
a multifaceted firm that specializes in construction, land planning and
development, real estate appraising, brokerage, tenant relations and
negotiations, third-party property management and financing. Founded in
1953, Breslin has expanded its New York-based portfolio to CT, LA, MS,
NE, NH, NJ and PA. Since its inception, Breslin has grown from a one-man
brokerage business to a 50-person real estate firm.
Breslin’s portfolio includes more than 29 retail centers and management
of eight million sq.ft. of commercial real estate in five states. Some
of the properties Breslin controls include Smith Haven Plaza in Lake
Grove, NY; Clearmeadow Plaza in East Meadow, NY; CVS Plaza in Port
Jefferson, NY; Franklin Plaza in Franklin Square, NY; Levittown Mews in
Levittown, NY; Park Island Square in Grand Island, NE; Whitman Plaza in
Philadelphia, PA and Woodbury Plaza in Plainview, NY. Some of the
company’s retail clients include A.C. Moore, Ames, AT&T, AutoZone,
Babies “R” Us, Best Buy, Kmart, Borders, CVS, Dunkin’ Donuts, GNC, KFC,
Kohl’s, Krispy Kreme, McDonald’s, Office Max, Staples, Toys “R” Us, Wal*Mart,
Stop & Shop, JCPenney and a host of others.
Currently, the company is in the development process of nine properties
in Long Island, NY, including a pair of Wal*Mart locations, an expansion
at the Hub in Hempstead and an expansion of the Kmart shopping center in
Middle Island. The company’s also serving as a developer and leasing
agent for an additional one million sq.ft. of space in the planning
stages throughout Long Island. Other development projects include a
350,000 sq.ft. shopping center in NH; a 550,000 sq.ft. center in
Stonington, CT; 850,000 sq.ft. in Brookhaven, NY; 300,000 sq.ft. in New
Milford, CT; 275,000 sq.ft. in Farmingdale, NY; 175,000 sq.ft. in
Selden, NY; 110,000 sq.ft. in Bethel, CT and 100,000 sq.ft. in Dix
Hills, NY.
The company specializes in tenant and owner representation to lease or
sell: retail, general or specialized office use, industrial, warehouse,
site selection for residential or commercial development, existing
retail or development, investment opportunities, hospitality locations
and recreational situations. Breslin also has a handle on market rents
and real estate taxes, landlord’s ownership policies and practices,
existing sites and future availabilities, traffic patterns and existing
and planned market area competition. Breslin will also assist its
clients to negotiate leases, canvass for new opportunities, screen
submissions from other sources, coordinate site work and construction
and create formal presentations. Often times, property owners will call
for Breslin’s services to help complete all phases of development,
management, sales and leasing. The company also can help owners along
with property valuation, market analysis, presentation package, permits
and approval process, presenting to community planning boards and
engineering and environmental due diligence.
One of the company’s strongest services is financing real estate
investments. Breslin is adept at matching sources of capital with
individual loan needs. The company is constantly involved in capital
markets and can provide the latest technology concerning market trends,
available capital and financing alternatives. Assisted by property
management software, Breslin is able to provide real time reports and
information relative to any aspect of the asset’s financial condition.
Property management services include qualifying and contracting with
local vendors who will provide property maintenance and repair services.
This technology helps Breslin provide monthly reports that allow its
clients access to their accounting data from anywhere in the world over
a secure Internet connection.
Wilbur Breslin is the team leader, as he serves as the company’s president and
CEO, positions that he has held for more than 40 years. During his tenure, he
has put together a team of executives that are managing the core divisions in
the business. The team includes Kenneth Breslin, Esq., who serves as vice
president of leasing, brokerage, sales and development; Beth Alderman, vice
president of administration; Robert Delavale, director of leasing, Paul Berger,
who works in the company’s legal department and John Culmone, director of
acquisitions.
The Breslin team has used its sense of market and future trends to purchase
vacant land, improve sites and establish properties, along with creating close
ties with the people and institutions that mold these markets. Breslin
specializes in thinking outside of the box and believes that developers should
consider neighborhoods that would typically be out of their sites. While Breslin
doesn’t have a set-in-stone acquisition criteria, it does tend to do development
within its tri-state area. The company also doesn’t have any minimum size
requirements.
Breslin Realty attributes its success to its knowledge of the value of
real estate. The company has utilized its know-how to make its mark in
all avenues of the industry. Its expertise in all things real estate has
helped the company jump over more than a few financing, redevelopment
and new land planning obstacles. A couple examples include Wilbur
Breslin’s promise of free groceries for life to a reluctant seller so he
could develop a shopping center on land in Franklin Square. For years,
the seller received a check for groceries from the supermarket on his
property. Another example was Breslin’s unimproved 2,000-acre tract in
Yaphank, NY occasionally stirring vocal emotion with its anticipated
development within the Long Island Pine Barrens. Breslin opted to work
with local officials on its development. His efforts to support
environmental preservation were recognized by state politicians, who
followed up with legislation compatible with development and was one of
the co-founders of the core preservation law, known as the Pine Barrens
Law.
Although redevelopment can be a challenge, Breslin is committed to
turning functionally obsolete properties into profitable ones that add
to the surrounding community. Acquiring the property is usually the
problem. The Hub at Hempstead, a former A&S Department Store, anchored
by Stop & Shop Supermarket, Home Depot and Old Navy, is a complex
project that serves as a national model for successful redevelopment.
The Hub project brought together government officials from the federal
government to local village officials by employing property condemnation
as a real “development” option, assisting in relocation of residents,
and supporting all phases of construction, creative financing, leasing
and redevelopment to create a 230,000 sq.ft. shopping center. The
property increased its tax revenue from $1.3 million to $11.1 million by
generating new revenue streams, which have helped insulate the Village
of Hempstead from the economic downturn that other Long Island
communities have felt since September 11.
Despite all of its success, Breslin still isn’t satisfied. The company plans to
continue to expand its commercial leasing services. The company will also
continue to manage properties and provide financial and lending consulting
services. Also, acquisitions and development will continue as the company is
actively pursuing opportunities to expand its portfolio.
For more information, contact Wilbur Breslin, Kenneth Breslin, John Cumone or
Robert Delavale, Breslin Realty Development Corp., 500 Old Country Road, Garden
City, NY 11530; 516-741-7400, Fax 516-741-7128.
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