In a move that lets it control a significant chunk of Garden City’s office space, Treeline Cos.
snapped up the four-building Franklin Avenue Plaza, a source close to the deal confirmed.

The purchase, first reported by Long Island Business News in January, is estimated by
industry sources to be in the $100 million range.

Treeline could not be reached for comment. Manhattan-based seller Cammeby's International,
which owns millions of square feet of industrial space Islandwide, also could not be reached.

The acquisition brings Treeline's total in the tony Nassau area to about 1.5 million square
feet and boosts its control of the central Nassau submarket's Class A office space to nearly
30 percent.

Since its 1985 start, family-run Treeline has quietly built itself into a dominant regional player.
It owns a dozen properties clustered in downtown Brooklyn and Garden City, a market
attractive because of its proximity to state and county courts, the sprawling Roosevelt Field Mall
and the planned redevelopment of the 77 acres surrounding the Nassau Coliseum.

Franklin Avenue Plaza, built around 1980, is said to be around 500,000 square feet,
though some brokers put it closer to 400,000. The complex includes 1205, 1225, 1305
and 1325 Franklin Ave., and is home to Allstate Insurance Co., Merrill Lynch, Morgan Stanley
and Wachovia.

Treeline's tenant roster includes Internet retailer 1-800-Flowers.com, headquartered in the
315,000-squarefoot 1 Old Country Road.

It also owns 573,000 square feet in four buildings known as Garden City Plaza. Late last year,
it purchased the 207,000-square-foot Atria East, home to Meyer, Suozzi, English & Klein PC,
a powerful Island firm.