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Tag: tritec real estate

  • Pre-leasing to begin for newest Station Yards apartments | Long Island Business News

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    for the newest at in will begin next month. 

    There will be 175 apartments in the second phase of  and pre-leasing for those units begins on Saturday, March 14 during the St. Patrick’s Day event at Station Yards. 

    Leasing staff from the property management firm  will be on-site from 2 p.m. to 4 p.m. to provide information and give prospective residents guided tours of the newest residences in Tritec Real Estate’s Station Yards . 

    Amenities will include a test kitchen, resident lounge, fitness area, bike repair and storage room, and a basketball court inside, while outside amenities feature a heated saltwater pool with lounge seating, fire pits, barbecue stations, a hammock farm, electric vehicle charging stations, and a rooftop terrace, according to Tritec. 

    Monthly rents for currently available apartments in The Core’s first phase are priced at $3,762 for a one-bedroom, one-bathroom unit; $3,952 for a two-bedroom, two-bathroom unit; and $5,152 for a three-bedroom, two-bathroom unit, according to the company’s website. The prices include base rent, all mandatory monthly fees and any user-selected optional fees. 

    The second phase of The Core will include a 1,419-square-foot  and a second parking structure for residents. The first phase of The Core has 388 apartments, 70,000 square feet of  space and 16,500 square feet of office space. 

    When completed, the $1.2 billion Station Yards development will have 1,450 apartments, 195,000 square feet of retail space, and 360,000 square feet of office space. 


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    David Winzelberg

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  • Northwell expands at Stony Brook Technology Center | Long Island Business News

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    Physician Partners has expanded its presence within Tritec’s in . 

    The Northwell affiliate, which currently occupies 6,240 square feet at 3 Technology Drive, expanded its space in the building with an additional 6,717 square feet, bringing their offices to a total of 12,957 square feet, according to a statement. 

    Northwell provides comprehensive healthcare focused on preventive medicine, chronic disease management and wellness. Its physicians offer services including annual checkups, screenings, immunizations, and coordinated care for conditions such as diabetes, heart disease, and high blood pressure. Northwell is expected to take occupancy of the expanded space in the first quarter of 2026. 

    “This expansion reflects Tritec’s dedication to supporting the growth of leading healthcare providers like Northwell,” Karen Shelhorse, vice president of Tritec Asset Management, said in the statement. “With space available in the park and a location less than four miles from three major hospitals, Mather, Stony Brook and St. Charles, the Stony Brook Technology Center offers unmatched convenience and opportunity for healthcare institutions.” 

    Darren Leiderman of represented Northwell Primary Care, while his Colliers colleagues Maria Valanzano and Steve D’Orazio represented landlord Tritec in the East Setauket lease transaction. 

    “We’re proud to facilitate Northwell’s expansion at Stony Brook Technology Center,” Valanzano said. “This transaction highlights the ongoing demand for top-tier in the region.” 


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    David Winzelberg

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  • How Long Island’s small businesses are betting on the holidays | Long Island Business News

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    In Brief:
    • Over 40 Long Island communities launch “” campaigns for
    • Station Yards in Ronkonkoma grows with new restaurants, shops, and entertainment
    • Nov. 14 turkey drive at Station Yards to support
    • Dec. 6 tree lighting kicks off weekly holiday markets through Christmas
    • Experts urge small businesses to prep inventory, run sales , and boost customer service

    As we approach the holiday season, small businesses are gearing up for what is often their busiest and most lucrative time of year.

    ERIC ALEXANDER: ‘This year for Small Business Saturday, over 40 communities will pull together events, promotional campaigns and other public messages to remind Long Islanders to patronize local shops.’

    Yet many local small businesses are still recovering from the economic damage of COVID-19 regulations, multi-year inflation and a customer base that has less money for spending, notes Eric Alexander, founder of , an organization advocating for downtown areas and small businesses.

    “The good news is that over the last 20 years our downtowns have activated ‘Shop Local’ campaigns that drive foot traffic to our Main Street businesses,” Alexander said. “This year for Small Business Saturday, over 40 communities will pull together events, promotional campaigns and other public messages to remind Long Islanders to patronize local shops.”

    The “Shop Local” movement continues to grow, demonstrating patrons’ loyalty to their community based businesses.

    “These promotions, combined with downtown revitalization investment and housing development, have kept many of them in business through chaotic economic times,” Alexander said.

    A prime example of downtown revitalization is Station Yards, a mixed-use, transit-oriented development that’s just steps away from the Ronkonkoma train station.

    In the few years since Tritec Real Estate Company developed Station Yards, the bustling complex has attracted thousands of people, both residents and nonresidents alike.

    Tracking data to the area reveals that in the first week of August 2024, 2,000 visitors came to 3 Hawkins Avenue, a residential building that also houses Toast Coffee + Kitchen, Vespa Italian Kitchen, Cornucopia Natural Foods and Artemis Speakeasy. In the last week of July 2025, that address brought in 15,000 people, many from the greater Ronkonkoma area and from neighboring Holbrook and Lake Grove, notes Chris Kelly, senior vice president of Tritec.

    CHRIS KELLY: ‘In the last week of July 2025, [3 Hawkins Ave at Station Yards] brought in 15,000 people, many from the greater Ronkonkoma area and from neighboring Holbrook and Lake Grove.’

    “It’s really transformed the area,” said Kelly of the 53-acre Station Yards development which, when completed, will include 1,450 residential units, 360,000 square feet of commercial/office space, 190,000 square feet of and 60,000 square feet of community space.

    In addition to the aforementioned businesses, current tenants also include Great South Bay Brewery, FourLeaf Federal Credit Union, Redefine Meals, Tap Room, The Pink Fin, Catholic Urgent Care, Playa Bowls, and Lucharitos. Slated to open soon are Ben & Jerry’s, DIY crafting shop Hammer & Stain, and Hotworx, which is a 24-hour gym.

    On Nov. 14, Station Yards will once again partner with the , the Ronkonkoma Chamber of Commerce and Sachem High School for their second annual turkey drive. Last year, they donated 117 turkeys and about 2,000 pounds of non-perishables items to Long Island Cares.

    “We hope to significantly beat that this year,” Kelly said.

    On Dec. 6, Tritec will host its annual tree lighting and the first of its weekly holiday markets on the green at Station Yards, which will include vendors and a mix of live entertainment.

    “We do the holiday market every Saturday from 12 Noon to 4 p.m. until Christmas,” said Kelly, noting that they averaged about 2,000 visitors at each of the holiday markets last year.  “This year I think the market will be a little better because we’re going to enclose the tents.”

    Small businesses looking to capitalize on the peak should check that they have enough inventory to support the surge and also create sales events to ensure they get a return on the investment of that inventory, notes Ree Wackett, advanced certified senior business advisor for the New York State Small Business Development Center at Stony Brook University, which helps provide assistance to small businesses and entrepreneurs.

    REE WACKETT: ‘Oftentimes small businesses can’t beat the big-box stores on price, but they can beat them on customer service, and that’s how Main Street can beat Wall Street with their customer service and individualized attention.’

    Many brick-and-mortar businesses will run special events, and online businesses will run specials during the official start of the holiday shopping season: The weekend following Thanksgiving—which includes Black Friday—Small Business Saturday and Cyber Monday.

    “But they want to make sure that they let their marketplace know they’re open during the holidays, and they’re going to be running specials, so that traffic gets driven to either their site or their shop,” Wackett said.

    If businesses use , they should verify that their accounts are completely up to date with hours, sales and special events for the holidays, advises Wackett.

    “Just basically making sure that their customers, their clients, their market is aware that they’re very much open and in business and they want the business,” Wackett said.

    They should also make every effort to be responsive to their clients, whether that’s by phone or email.

    “Customer service for small business is huge,” Wackett said.” Oftentimes small businesses can’t beat the big-box stores on price, but they can beat them on customer service, and that’s how Main Street can beat Wall Street with their customer service and individualized attention.”

    She added that businesses should get contact information for their new customers, so that they send them email blasts and newsletters and turn them into repeat customers.


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    ARLENE GROSS, LIBN CONTRIBUTING WRITER

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  • Former RXR exec Michael O’Leary joins Tritec as CFO | Long Island Business News

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    , a former executive with , has joined as its chief financial officer. 

    O’Leary spent 18 years with Uniondale-based RXR, eventually serving as executive vice president and CFO. He helped boost RXR from a $2 billion company with a staff of 80 to a $20 billion business with more than 500 employees, according to a Tritec statement. Appointed as RXR’s CFO in 2020, O’Leary directed financial management, strategic planning and investor relations, establishing the company’s Fund Portfolio Management and leading teams in capital markets, accounting and long-term strategic initiatives. 

    A certified public accountant and member of the American Institute of Certified Public Accountants, O’Leary began his career in the Real Estate Group at Ernst & Young, managing integrated audit engagements for real estate, construction and hospitality companies. At Ronkonkoma-based Tritec, O’Leary will oversee the company’s , planning and operations. 

    “We are thrilled to welcome Michael O’Leary to the Tritec family,” company co-founders and principals Bob Coughlan and Jim Coughlan said in the statement. “His expertise, vision, and proven leadership in guiding companies through growth and transformation will be invaluable as we continue to expand our portfolio and strengthen our position as a leader in real estate development. Michael’s addition reflects our commitment to building a team that can deliver on our mission of creating vibrant, lasting communities.” 

    O’Leary, who holds a Bachelor of Science in Accounting from the State University of New York at Albany and an MBA from Columbia Business School, says he is excited to join Tritec. 

    “Tritec has an extraordinary legacy of building communities and creating value,” O’Leary said in the statement. “I’m honored to join Tritec at this exciting moment in its growth. I look forward to leveraging my experience to help scale the company’s financial infrastructure and support its long-term vision.” 


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    David Winzelberg

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