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Cushman & Wakefield Arranges Three Melville Leases Totaling 163K SF
Cushman & Wakefield has secured three long-term leases at 2 Corporate Center Drive at Melville in Long Island, a Class A office property. Estee Lauder will occupy 43,000 square feet, Resideo Technologies extends its 100,000-square-foot lease, and East Coast Capital leases 20,000 square feet, raising occupancy to 94%.
Cushman & Wakefield’s Phil D’Avanzo represented the landlord, Princeton International Properties. Estee Lauder was represented by Jeff Nemshin of Paragon Group, and East Coast Capital by Harris Rousso of Real Estate Strategies.
“These transactions represent two of the largest office leases on Long Island in recent memory and we are proud that these three tenants selected 2 Corporate Center Drive as their long-term workspace. Executing these transactions in less than favorable market conditions, bringing 2 Corporate’s occupancy level to 94%, is a testament to ownership’s commitment to the asset and the extraordinary value proposition that the building represents,” said D’Avanzo.
- ◦Lease
