NORTH HILLS, NY—The $112-million relocation ofDealertrack Technologies Inc.'s corporateheadquarters from Lake Success, NY to here got a major boost latelast week when the Nassau County's Industrial DevelopmentAgency approved millions of dollars in tax incentives forthe venture.
According to IDA officials, the company had been wooed by thestates of Texas, Utah, Florida, New Jersey and South Carolina tomove operations from Long Island.
Dealertrack will construct a new a 233,000-square-foot buildingat 3400 New Hyde Park Rd. in North Hills. Construction is expectedto take two years and is projected to create 552full-time-equivalent construction jobs. The new building will beowned by X-Cell III Realty Associates LLC, a jointventure of Castagna Realty of Manhasset and Tritec Development ofEast Setauket. Don Catalano of Corporate Realty Consultantsarranged the lease transaction.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
