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First Data Signs $47M Build-to-Suit Deal with Reckson

NEW YORK CITY-The Denver-based electronic commerce firm expands its Long Island base with the purchase of a 19-acre site earmarked for a 195,000-sf build-to-suit project at Reckson's Melville Square Corporate Center Park.

By Glen Thompson | Updated on March 06, 2003

NEW YORK CITY-Electronic commerce firm First Data has agreed to purchase 19.3 acres for a 195,000-sf build-to-suit project at Reckson Associates Realty Corp.’s 360,000-sf Melville Square Corporate Center Park. The $47-million deal will allow First Data to expand its Long Island operations.

Carlton Wenz, a senior director in the Long Island office of Cushman & Wakefield, negotiated on behalf of First Data in the transaction. Groundbreaking on the three-story building is scheduled for this spring and construction is expected to take about a year.

“This transaction underscores a very important message for our business and our community,” stated Gregg Rechler, Co-President of Reckson Associates. “The fact that First Data, a Denver-based world-wide operation, is committed to owning and maintaining a major presence on Long Island is a validation of the strength and quality of the Long Island workforce.”

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