BEB Capital (“BEB”), a leading investor and developer of industrial, office, and multifamily assets throughout the East Coast, today announced two lease renewals at 325 Meeting House Lane in Southampton, New York, totaling 13,952 square feet.
Originally located in Building I of the complex since 1998, Stonybrook Community Medical P.C. relocated to its current location in Building II in 2006. The medical practice most recently extended its 2,175-square-foot lease for an additional ten years.
Similarly, Meeting House Lane Medical Practice, P.C., which leases 11,778 square feet in Building II, also renewed its lease for ten years.
“We’re thrilled to have these two medical practices recommitted to 325 Meeting House Lane. They’ve become staple medical establishments for the community in Southampton,” said BEB Asset Manager, Dan Penaro.
Dan Oliver of Newmark represented BEB Capital, and David Leviton of Jones Lang LaSalle represented Stonybrook Community Medical P.C. and Meeting House Lane Medical Practice P.C.
BEB Capital has decades of hands-on real estate management and investment experience, particularly involving industrial assets in the region. The firm’s institutional-grade operation and entrepreneurial spirit have allowed the firm to create value by completing several million square feet of value-add acquisitions, redevelopments, and long-term investments.
