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| Andrew Scandalios |
NEW YORK, NY –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the $81.45 million
recapitalization of Stony Brook
Technology Center, an eight-building medical office portfolio totaling
261,824 square feet in the Long Island community of East Setauket, New York.
HFF represented TRITEC
Real Estate, and procured the partner, a fund advised by UBS Real Estate &
Private Markets.
Completed between 1987 and
2007, the portfolio is located within a master-planned business park proximate
to several large universities and hospital groups, including Stoney Brook
University, in Eastern Long Island.
Stony Brook University is one of the key tenants in the
97-percent-leased portfolio, occupying more than 65 percent of the buildings.
The HFF team representing
TRITEC was led by senior managing directors Andrew Scandalios and Jose
Cruz and assisted by senior managing director Michael Gigliotti.
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Director, Public Relations
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 |
Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
or follow TRITEC on Twitter at @TRITEC_RE.
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