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New Capital for Stony Brook Technology Center
April 25, 2017
TRITEC Real Estate recapitalized Stony Brook Technology Center, its eight-building portfolio of medical office properties with $81.45 million from TRITEC’s new capital partner, a fund advised by UBS Real Estate & Private Markets.
The eight buildings total 261,824 square feet in the Long Island community of East Setauket, NY and are 97% occupied.
Completed between 1987 and 2007, the properties are part of a master-planned business park near several universities and hospitals, including Stony Brook University, which occupies roughly two-thirds of the space at the portfolio.
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