Demand Spurs Speculative Office Construction on Long Island, Including TRITEC’s Hauppauge Plan

After a decade-long pause, Long Island developers were building speculative offices again, including TRITEC, The New York Times reported.

• TRITEC’s plan: a 395,000-square-foot, two-building complex on 20 acres at Exit 54 of the Long Island Expressway in Hauppauge, built in two phases
• Team: Mojo Stumer Architects with the Baldassano Architectural Group; Insignia/ESG as exclusive broker
• Market: prime office vacancy fell to 10 percent from 13.4 percent a year earlier, with average rents up to $24.80 a square foot

“We have to see what the market is at the time,” said Bob Coughlan, then a TRITEC principal.

Read the full story: Commercial Property / Long Island; Demand Spurs Construction of Spec Office Buildings, The New York Times