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BETHPAGE, NY-Briarcliffe College and Northrop Grumman Systems have inked sizable renewals at 1055 Stewart Ave. here, with the two deals totaling more than 210,000 square feet. The college, a 15-year tenant, is staying in its 116,500-square-foot space, while Northrop Grumman’s engineering and development division, which has been in the building for 10 years, has renewed for 94,128 square feet.

Terms were not disclosed; the renewals came with deep discounts, according to published reports. “There was considerable competition from other office buildings to lure these important tenants away,” says Sanford Zuckerbrot, chairman of Sholom & Zuckerbrot Realty, which acted on behalf of landlord Tilles & Zuckerbrot, in a release. However, he adds that the tenants ultimately decided that “both the building and Bethpage are hard to beat.”

Frank Zuckerbot, president of S&Z, notes in a release that Bethpage is a vibrant office market, with headquarters for Cablevision, mattress retailer Sleepy’s, Bethpage Federal Credit Union and supermarket chain King Kullen all located nearby. “And the area is poised for continued growth,” he says. “It was heavily dominated by Grumman for decades, but it has diversified greatly during the past 15 years.”

The Tilles & Zuckerbrot partnership, which also includes Peter Tilles and Lawrence Smith, acquired 1055 Stewart two years ago for $27.5 million. The property was originally developed by Grumman, and its current owners have the as-of-right opportunity to build another 90,000 square feet on the 17.5-acre site.

Tilles says in a release that such a project “is under serious consideration by us now, with the option to build-to-suit.” The existing building still has 20,000 square feet available for lease on the second floor. In both renewals, the tenants were represented by Philip Heilpern, an SVP with the Woodbury, NY office of CB Richard Ellis.

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