In one of Long Island’s largest lease transactions of the year thus far, HTx Services LLC, a global information technology and ATM services company, has committed to a long-term, 75,000-square-foot office/flex lease at 70 Corporate Drive in Hauppauge, NY.
The CBRE Group team of Philip Heilpern and Martin Lomazow represented the ownership of 70 Corporate Drive. The new lease allows HTx to expand its operations on Long Island.
According to Mr. Heilpern, “Having recently acquired a service contract on Long Island, HTx leased the space at 70 Corporate Drive that was formerly occupied by a tenant with a similar use with office and lab areas that perfectly suited its operations.” He added that “we worked closely with HTx and its representatives to structure a deal that allowed the IT company to continue its growth in the market in one of Long Island’s most prestigious industrial/flex office parks.”
Owned by a subsidiary of a national real estate pension fund, which purchased this asset over a decade ago through a sale/leaseback with Citibank, 70 Corporate Drive is one of finest buildings in the Hauppauge sub-market. In addition to its great curb appeal, the two-story property is ideally located directly off the Northern State Parkway and the Long Island Expressway.
Nestled within a 62-acres complex, the property offers abundant power and more than 240 parking spaces.