June 26, 2009

Stifel, Nicolaus & Co., a subsidiary of Stifel Financial Corp., has signed a 10-year lease for 24,771 square feet at 1225 Franklin Avenue Plaza here. It represents a relocation and expansion for Stifel, Nicolaus, which was previously located at 50 Charles Lindbergh Blvd. in Uniondale, NY. In a release, Kraig Silver, EVP at the Treeline Cos., says the property’s "convenient location" and his company’s "hands-on management and responsiveness" as its owners were deciding factors for Stifel, Nicolaus.

Part of the four-building Franklin Avenue Plaza portfolio that Treeline acquired in March 2007, 1225 Franklin offers 205,000 square feet of office space with an asking rent of $33 per square foot.Jay Stewart of Grubb & Ellis and Roger Wooster of Sutton & Edwards, Inc. represented Stifel, Nicolaus. Silver negotiated on behalf of Treeline.