JLL Secures New HQ Space for Newsday at 6-8 Corporate Center Drive in Melville, NY
(Melville, NY ) - JLL has completed a new transaction for Newsday at 6-8 Corporate Center Drive in Melville with building owner We're Group. The multimedia organization signed a lease for 128,446 square feet of office space at the two-building, Class A, 205,000-square-foot complex.
Newsday was represented by Ray Ruiz, executive vice president, and Doug Omstrom, senior vice president, both with JLL. Building owner We're Group was represented in-house.
"Newsday was looking for new headquarters space that would meet the current needs of the organization and its staff," said Ruiz. "We were able for find an ideal opportunity for the company at 6-8 Corporate Center Drive. The buildings provided the right amount of office space within two very well-located, quality office buildings."
Newsday inked a 15-year lease for 128,446 square feet of office space and will occupy the entire 6 Corporate Center Drive and the entire third floor at 8 Corporate Center Drive. The company is relocating to the property from 235 Pinelawn Road, also located in Melville.
"There were many factors that played a role in the search for our new building, including space, size, and of course, location. The talented professionals at JLL helped to make that happen," said Matthew Catania, vice president of finance at Newsday.
The three-story 6-8 Corporate Center Drive totals approximately 205,000 square feet of Class A office space. The buildings offer a full-service cafeteria and ample parking. The properties are located in the heart of Melville's corporate hub between Route 110 and Pinelawn Road.
JLL is a leader in the New York tri-state commercial real estate market, with more than 2,600 of the most recognized industry experts offering brokerage, capital markets, property/facilities management, consulting, and project and development services. In 2017, the New York tri-state team completed approximately 40.9 million square feet of lease transactions; arranged investment sales, notes, debt and equity transactions valued at more than $1.6 billion; managed projects valued at $7.9 billion; and oversaw a property management, facilities management and agency leasing portfolio exceeding 147.8 million square feet.