And a third unnamed local firm is considering committing to the entire 183,000 sf of a planned but not yet built second phase of the project. "We're in the process of doing leasing now, talking to several major companies now to be the anchor tenant (at Phase One), one for 60,000 sf and one for 100,000 sf. We're also negotiating with a tenant for the entire second building," Theodore P. Sasso, senior managing director of Insignia/ESG, leasing agent for building, tells GlobeSt.com.

"The companies we're speaking with already have major operations on Long Island, which is typical of what we see," Sasso says. "It reinforces the trend for companies demanding higher quality space on Long Island. We're finding more and more that the real quality buildings are the ones that are getting the tenants."

The asking rent at 100 Motor Parkway is $27.50 sf including a full tenant interior build-out and full service. Phase One of the project, the West Tower, includes 217,000 sf --183,000 of office space and a 34,000 sf lower level including storage, cybercafe, a health club and other amenities. Floor plates are little over 30,000 sf for upper floors. Groundbreaking occurred on St. Patrick's Day this past March and the entire project will be completed in ten months. Tenants could move into space within two months from now after acquiring necessary approvals.

Phase Two would mirror the completed Phase One structure and could be "up in less than a year from the word go," according to Sasso. "Depending on how quickly Phase One leases up or if we do have a tenant like the one we're talking to now (for Phase Two), we'll just put it up for them."

Tritec Real Estate Co., owned and operated by the Coughlan family, acquired the site – originally zoned for office development – over ten years ago. The original developer put a foundation in and then went broke. Tritec bought the property from the European American Bank, according to Sasso.

Instant Insights /

Three Long Island Firms Eye New Office Space in Hauppauge

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