KPMG LLP, the U.S. audit, tax and advisory firm, and CBRE Group Inc. today announced a 10-year lease extension in RXR Realty’s property at 1305 Walt Whitman Road in Melville, NY.
The move into the newly renovated space will take place this month.
Established in 1966, KPMG’s Long Island office is home base for more than 150 professionals who serve a wide range of clients, from FORTUNE 1000 to middle-market companies.
The new office space features enhanced technology capabilities and collaborative workspaces designed to support the way the firm’s professionals work and serve clients today and in the future.
“We are pleased to continue our commitment to local clients and the community,” said Tony Dalessio, KPMG’s managing partner for the Long Island office.
“Walt Whitman Road is a great location for us, and our new space and technology enhancements will enable us to work more efficiently and collaboratively to better serve our clients.”
In keeping with KPMG’s Living Green initiative, the firm plans to minimize its environmental footprint through the use of sustainable construction practices and materials, natural lighting, and other measures to increase the energy efficiency of its new space.
CBRE Group has taken steps to have the new space pre-certified LEED Gold, a designation granted by the U.S. Green Building Council (USGBC) based upon the environmental standards incorporated in the overall structure.
The CBRE Long Island team of Vince LaManna and Richard Freel worked with Kenneth Boland and Patrick Murphy of the CBRE’s New York City corporate office on behalf of KPMG to negotiate the lease with Jason Forte of RXR Realty which owns the building.
“We conducted a thorough market review over an 18-month period, and evaluated multiple relocation options throughout Long Island. All of the quantitative and qualitative models we ran led us back to 1305,” noted LaManna.
“RXR Realty worked closely with us and KPMG to fashion a transaction that provided the greatest economic value with the least disruption in business continuity for our client.”
The centrally located property offers an on-site health club, café, a hi-tech conference and training center, as well as individually zoned and tenant-controlled HVAC.
In addition to KPMG, other major tenants include Merrill Lynch and the American Institute of Physics.