TEC's space on the fourth floor of 47-25 34th St. in Long Island City replaces its lease of 12,000 square feet at 54-08 Vernon Blvd., also in Long Island City. A spokesman for Kalmon Dolgin tells GlobeSt.com the contractor outgrew its existing space.
In a release, KDA's Jeffrey Unger, who represented the tenant, says TEC Systems wanted to remain in Long Island City because of its "great accessibility" to clients throughout the New York tri-state region. "The property at 47-25 34th provides TEC Systems with room to grow while preserving their desirable Long Island City location."
Terms of the lease were not disclosed; it's reportedly 10 years at $15 per square foot. Peter Thorsen represented the landlord, 47-25 34th Street Associates Inc., in-house. TEC Systems has been engineering and installing building automation systems since 1981.
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
