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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.

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