Paychex signs 18,550 RSF Office Lease at 102 Motor Parkway, Hauppauge, NY
Paychex signed a long term lease for 18,550 RSF of office space on the 3rd floor at 102 Motor Parkway, Hauppauge, NY. Paychex is the third high profile tenant this year to lease space at 102 Motor Parkway. Paychex's Long Island operational group will occupy the space. Occupancy is expected in the 3rd quarter of 2016. The tenant is relocating from 1393 Veterans Memorial Highway, Hauppauge.
Paychex, Inc. is a recognized leader in the payroll, human resource, and benefits outsourcing industry, with a steadfast commitment to success and a record of achievement that continues a tradition of delivering excellence.The company was founded in 1971 by B. Thomas Golisano with just $3,000 and a good idea – to make payroll outsourcing easy and affordable for small businesses.Paychex now has more than 12,000 employees serving more than half a million small- to medium-sized businesses nationwide. Paychex serves approximately 605,000 payroll clients as of May 31, 2016 across more than 100 locations and pays one out of every 12 American private sector employees.
102 Motor Parkway is one of two twin 6 story, class “A” 204,000 square foot office buildings located on 19.6 acres at the gateway to the Hauppauge Industrial Park in Hauppauge New York. The 1,400 acre Hauppauge Business and Industrial Park has more than 80 office buildings and is home to more than 1,600 companies. Long Island Business News ranked 100 - 102 Motor Parkway as one of the top 10 office properties on Long Island. The six-story office building at 102 Motor Parkway features perfectly rectangular floor-plates offering optimal, efficient space for the user. The building shares many of the same superior class A amenities of its "sister" property including a cafe with atrium seating, features wireless internet connectivity; a fully-equipped fitness center; and a retail credit union center with 24-hour ATM access.
Lee Rosner, SIOR CCIM and Leo Farrell represented the Landlord, Teachers Federal Credit Union. Michaal Maroon, SIOR of The Acclaim Group and John LaRuffa, SIOR of NAI Long Island represented the Tenant. More information regarding office space availabilities at 102 Motor can be found at www.102motor.com