Avison Young Builds Long-Term Relationship With Professional Physical Therapy, Arranges Multiple Leases in Tri-State Area Over Four-Year Period

NEW YORK, Dec. 15, 2016 /PRNewswire/ -- Avison Young, the world's fastest-growing commercial real estate services firm, continues to build upon its long-term relationship with Professional Physical Therapy (Professional), a leading outpatient, private provider of physical and hand therapy and rehabilitation services. Since 2013, they have arranged 19 transactions for the company in locations throughout New York, New Jersey and Connecticut.

Professional Physical Therapy has undergone a rapid expansion over the last several years and the Avison Young account team led, by Principal, Michael Leff, has helped support this growth by finding and securing well-located and centralized spaces that meet their needs as a physical and hand therapy services provider.

During 2016 alone, the Avison Young team worked on numerous leases for the company across the Tri-State area, securing nearly 50,000 square feet of space that now serves as regional Professional clinic facilities.

The Avison Young team has brokered several other deals for Professional over the last four years, including a lease at 333 Earle Ovington Boulevard in Long Island that now serves as its corporate headquarters.   

"Collaboration is essential to our continued success with Professional Physical Therapy—from our very first assignment we worked closely with their team to understand their unique space requirements as experts in the field of rehabilitation and then identifying the right locations in each individual market," said Leff. "It is gratifying to see that our strategic guidance over the last several years has played a key role in supporting the company's continued expansion. We have several other transactions in the pipeline for Professional and look forward to continuing our work with them through next year and beyond."

"At Professional Physical Therapy, our patients' needs are always our top priority," states George Papadopoulos, Founding Partner and Chief Development Officer at Professional Physical Therapy. "This is why it is so critical for us to develop the right partnerships with companies such as Avison Young, who understands and helps us achieve our goals and better serve our patients and their communities. Over the past three years, we have worked very hard together to identify and introduce several state-of-the-art clinics, in the areas of greatest need. We are excited to continue working with Avison Young on future endeavors, as we continue to grow beyond our more than 100 clinics."

Avison Young is the world's fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 2,400 real estate professionals in 79 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial and multi-family properties.

Professional Physical Therapy, headquartered in Uniondale, New York, is an award-winning, leading provider of physical and hand therapy, and rehabilitation services throughout the New York metropolitan area, New Jersey and Connecticut. Founded in 1998, Professional Physical Therapy operates 106 outpatient physical and hand therapy centers: 12 located within Equinox Fitness Centers, five located in Blink Fitness facilities, one located in a STACK Sports Performance Center, one inside a Golf & Fitness Academy, one inside Chatham Club, one inside Strive Fitness, and 85 standalone. The company's outpatient physical therapy centers provide treatment to patients suffering from musculoskeletal impairments associated with orthopedic and sports injuries and other medical conditions. Additionally, Professional Physical Therapy operates a 20,000 square foot sports performance training facility in Garden City, New York. www.professionalpt.com.

For further information/comment/photos:

• Tom Nolan, Great Ink, 212.741.2977 – [email protected]

• Kelly Ferraro, Great Ink, 212.741.2977 – [email protected]

• Arielle Herzfeld, Senior Director of Marketing, Tri-State, Avison Young: 212. 729.7465

www.avisonyoung.com 
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