HAUPPAUGE, NY-Microsoft Corp. has allayed fears in the local business community that it was exiting Long Island by signing a long-term lease for 27,000 square feet of space at the 2929 Expressway office building here.

The property, located at Exit 57 of the Long Island Expressway, is owned by Ivy Equity of Greenwich, CT. Ivy officials state that the lease deal in Hauppauge is notable given some prior expectations that Microsoft might leave Long Island since the firm signed for significant space at 11 Times Square in Manhattan earlier this year.

Ivy Realty also reports that Bohler Engineering, a New-Jersey based site civil engineering and consulting services firm, has leased 20,700 square feet in the same building. 2929 Expressway will serve as Bohler's New York Metro branch covering Long Island, the five boroughs of New York City, Westchester County and parts of Connecticut.