RUMC will use the space to open an ambulatory and urgicare center later this year, with a special focus on residents of the borough's West Shore. The hospital's main campus will remain the hub for all treatment and administrative offices.
It's the fifth lease signed at Corporate Commons since the Nicotra Group bought the two-building, 286,000-square-foot campus for $25 million in December 2008. The three-story office buildings were put up in the 1980s by Murray Construction and Silverstein Properties for then-tenant AT&T, which vacated its space at the end of '08, leaving the properties 100% vacant. The telecom giant hadn't housed any employees there since 2001.
Corporate Commons One and Two are part of the Nicotra Group's Corporate Park of Staten Island, which contains seven office buildings with a total of nearly one million square feet of office and hospitality space. The two buildings underwent a renovation after developers Richard and Lois Nicotra purchased them.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.