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Suffolk Regional Off-Track Betting Corporation has a new headquarters.
Suffolk OTB is relocating 90 to 100 of its employees to its new property at 1180 Veterans Memorial Highway in Hauppauge.
The three-story, 37,113-square-foot office building on 2.19 acres was purchased by Suffolk OTB for $6.5 million in Feb. 2022.
The property was formerly occupied by the Internal Revenue Service, which moved its personnel to the IRS offices at 5000 Corporate Court in Holtsville. The new headquarters represents an expansion for OTB, as its leased office space on Oser Avenue, where most of its staff is relocating from, is about one-third the size.
“While our Suffolk OTB staff had historically been dispersed over multiple buildings in the county, this new corporate headquarters will make our company much more efficient by housing everyone under one roof,” Phil Boyle, Suffolk OTB’s president and CEO, told LIBN. “We are also fortunate that the building is located within minutes of our primary asset, Jake’s 58 Casino Hotel.”
As OTB staff continues to move over to the new Hauppauge headquarters, the $210 million expansion and renovation project at Jake’s 58 continues in Islandia. Construction on the new three-and-a-half level, 168,000-square-foot parking garage has been completed and the casino’s new 110,500-square-foot building that will house an additional 1,000 video gaming machines is expected to be finished next summer.
The renovations at Jake’s 58 hotel, which include a new 17,500-square-foot VIP lounge and entertainment area, a 3,500-square-foot space for weddings, parties and corporate events, a “high-end” restaurant, and renovations to the existing casino, third floor offices and the hotel’s 210 guest rooms, will get underway once the new building opens.
John LaRuffa, Nicholas Gallipoli and Frank Frizalone of Cushman & Wakefield brokered the deal and represented the seller, VMH Realty LLC, in the Hauppauge sales transaction.
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David Winzelberg
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