Microsoft, Corp. has decided to remain on Long Island by renewing its 27,000-square-foot lease at 2929 Expressway Dr. N in Hauppauge, NY. In a separate deal, Bohler Engineering has signed a new lease for 20,700 square feet in the same building.
The three-story, 149,129-square-foot office building was constructed in 1980 on 12 acres in the Western Suffolk County submarket, at Exit 57 on the Long Island Expressway at Veterans Memorial Hwy. The property features abundant parking, conferencing facilities, banking and food service, and building signage.
It was thought that Microsoft would relocate following its lease signed earlier this year at the new 11 Times Square in Manhattan. Read CoStar news coverage of the deal at Microsoft Inks 200,000-SF Lease at 11 Times Sq
. Instead the tenant signed a long-term renewal with the landlord, continuing to pull from Long Island's labor pool.
Bohler, a New Jersey-based civil engineering and consulting services firm with offices across the East Coast, will utilize its new space as a metro branch office covering the five boroughs, Long Island, Westchester, and parts of Connecticut.
"These new leases illustrate that premier corporations continue to recognize how important it is to retain a presence on Long Island," said Rusty Warren, Co-CEO of Ivy Realty together with Anthony DiTommaso. "Like the tenants that we serve with our Class-A office buildings, we remain committed to Long Island as well as the tri-state area."
Ivy owns two office buildings in Suffolk County which together total more than 412,000 square feet of its 5 million-square-foot commercial portfolio. The company purchased 2929 Expressway from MetLife in 2005 for $15.1 million, according to CoStar data. Microsoft occupies the majority of the third floor, and Bohler took a portion of the first floor. MetLife now leases nearly 66,000 square feet there as well, and all three tenants have building signage.
Lisa Kiell with Jones Lang LaSalle negotiated the Microsoft lease with Ruiz. Robert Seidenberg with CBRE worked with Glenn DiGiacomo at Ivy on the Bohler deal.