Melville, NY (PRWEB) July 21, 2010
T. Weiss Realty Inc. said new leases, including one for TD Bank’s regional suburban headquarters, will bring its new Class-A building in Melville to almost full occupancy, marking the successful conclusion of a three-year leasing effort that continued throughout the sharp downturn in real estate.
T. Weiss, a leading Melville-based office developer/owner, said TD Bank will move its regional headquarters to 42,006 square feet -- the top two floors -- in the new building, 324 S. Service Rd. The developer also signed leases with the U.S. unit of British insurer Aviva, now in Woodbury, for 15,000 square feet, and with Vitro Packaging LLC, a unit of the Mexican glassmaker Vitro S.A. de C.V, for 4,000 square feet.
“We are pleased to add such a distinguished corporate tenant as TD Bank to our roster, and happy that TD Bank is chosen to take advantage of our unique marquee location and our amenity rich building,” said Ted Weiss, chief executive officer of T, Weiss Realty. “We are, of course, also happy to add Aviva and Vitro to our tenant roster.”
The TD lease, which is for 12 years, will give the Canadian-owned bank its identity on the building, which is visible from the Long Island Expressway and from nearby Route 110.
The TD space will be built to LEED standards and is expected to be ready for occupancy Nov. 1.
Paul Ferraro, director, USI Real Estate Brokerage Services Inc., New York, represented TD Bank, while Ted and Craig Weiss represented T. Weiss in-house.
Meanwhile, Aviva Life & Annuity Co. (formerly Bankers Life Insurance Co. of New York), the world’s fifth largest insurer, will locate its New York offices in the building on Aug. 1.
Frank Pagano of Corporate National Realty, Woodbury, N.Y. and Brian Higgins of Jones Lang LaSalle Americas, Inc., New York, N.Y., represented Aviva in its lease negotiations. Craig Weiss again represented the landlord in-house.
Vitro, currently located in Huntington Station, is expected to take occupancy on Aug., 1. It was represented in lease negotiations by Bob Joyce of The Roberts Company, of Wantagh, N.Y. with Craig Weiss and Jennifer Lynch representing the landlord in-house.
The three leases collectively will put occupancy in the building, also known as Melville Corporate Center III, at more than 90 percent, said Ted Weiss, who said he began been seeking an anchor tenant for the building for approximately three years ago -- before the collapse of the real estate market. Additional leases nearing completion could bring the building to virtually 100 percent occupancy.
The new leases fulfilled the developer’s desire to lease the building, completed in 2008, to credit-rated, quality corporate tenants, Ted Weiss said.
The 133,050 square-foot Melville Corporate Center III is the newest addition to the 600,000-plus-square-foot T. Weiss portfolio. The Melville Corporate Center III offers a full back up 750kW generator providing uninterruptible power for the entire building, landscaped meditation gardens, redundant utilities and telecommunications, pre-wired high-speed Internet access, quality gourmet food court, an on-premises conference center, a health club with personal training and locker rooms, computerized proximity access system, full-service building maintenance and a state-of-the-art tenant-controlled HVAC system
About T. Weiss Realty Corp.
Founded in 1969, Melville-based T. Weiss Realty Corp. is a full-service developer and manager of Class-A office buildings with properties totaling more than 600,000 square feet in the most important business districts of Nassau and Suffolk counties. T. Weiss Realty develops, owns and manages all of its properties and provides unsurpassed personalized service, meticulous attention to detail and swift response to customer requests. For more information, visit http://www.tweissrealty.com or call 631-454-9400.