NEW YORK—New York Community Bancorp (NYCB) has acquired 102 Duffy Ave., which is part of a two-building, 460,000-sq.-ft. complex in Hicksville, N.Y. The CBRE team of Philip Heilpern, Richard Karson, Martin Lomazow and Paul Muratore negotiated the transaction on behalf of NYCB with seller Ivy Equities.
NYCB plans to use the 160,000-sq.-ft. property to house its back-office operations. The new ownership also plans to rename the building to NYCB Plaza.
“Given Nassau County’s strong real estate dynamics as well as the commitment by local government and community entities in the revitalization of Hicksville, the opportunity for NYCB to acquire a strong asset for its own occupancy made perfect sense,” said Lomazow. “The property’s central location, adjacent to the LIRR Hicksville station, and its unique amenities proved an exceptional value for our client.”
Amenities at the complex include 24-hour access and security, a direct pathway to the LIRR platform and raised floors.