RISCO Group, an international manufacturer of security management systems, leased 3,921 square feet at 105 Maxess for its US headquarters. In a separate transaction, Redwood Collaborative Media, a newly formed business-to-business media company, leased 1,711 square feet for its executive offices.
Craig Weiss, director of leasing at T. Weiss, represented the building owner in the RISCO deal, while Jennifer Lynch, sales and marketing representative for T. Weiss, did the same in the Redwood deal. There were no brokers involved.
In a release, Ted Weiss, president of T. Weiss, credits a recent capital improvements program at Melville Corporate Center I, which opened in 2000. Last year, the company added cherry wood floor-to-ceiling pillars, upscale lighting and potted palm trees to the building's atrium lobby along with WiFi connectivity. New carpets were installed in the building's common areas and elevators, and bathrooms and entrances were upgraded. "We believe that our building is the right product at the right time," says Weiss.
Asking rents at the 150,000-square-foot, two-story property are $27.50 per square foot. Currently it's more than 94% leased.
In late December, T. Weiss secured six leases totaling nearly 30,000 square feet, mostly at its properties in Melville. Largest of these was a renewal by Countrywide Home Loans of its 11,859-square-foot space at 330 S. Service Rd. in Melville, also known as Melville Corporate Center II, with William Korchak of Jones Lang LaSalle representing the tenant. The property is currently 100% occupied.
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
