MELVILLE, NY — Jones Lang LaSalle was selected by building owner KABR Group and Capstone Realty Group as the exclusive leasing agent for 330 Motor Parkway and 350 Motor Parkway in Hauppauge, N.Y. The firm will provide a full range of marketing and transaction services for the two-building, Class A commercial office property, totaling 144,000 square feet of commercial office space.
The JLL team handling the leasing assignment will be led by Ray Ruiz, executive vice president and market director; and includes Marianne Dugan, vice president; and Doug Seale, associate. They will work closely with Brian Soto, Asset Manager, at KABR Group.
“KABR/CRG saw tremendous potential in 330 Motor Parkway and 350 Motor Parkway, which stand at the entrance to Hauppauge Industrial Park, one of the largest planned industrial parks in the nation,” said Ruiz. “The owner has launched a major capital improvement program to renovate the office buildings. The upgrades will include a new full-service café, a conference center, a fitness center with lockers and shower facilities, common area upgrades and new landscaping.”
The four-story buildings at 330 Motor Parkway and 350 Motor Parkway, also known as The Towers West and The Towers East ,respectively, both total 72,000 square feet. The Towers West has up to 3,344 square feet of office space available on the concourse level and up to 3,318 square feet on the third floor. The Towers East has up to 3,172 square feet available on the concourse level, up to 1,823 square feet on the first floor, 14,805 square feet on the second floor and up to 6,356 square feet on the third floor.
JLL is a leader in the New York tri-state commercial real estate market, with more than 1,600 of the most recognized industry experts offering brokerage, capital markets, property/facilities management, consulting, and project and development services. In 2012, the New York tri-state team completed approximately 23.8 million square feet in lease transactions, arranged capital markets transactions valued at $1.57 billion, managed projects valued at nearly $7.0 billion, and oversaw a property and facilities management portfolio of 102.1 million square feet and an agency leasing portfolio of 76.0 million square feet.
About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet and completed $63 billion in sales, acquisitions and finance transactions in 2012. Its investment management business, LaSalle Investment Management, has $46.3 billion of real estate assets under management. For further information, visit www.jll.com.