Lessing's Hospitality Group Acquires Office Building In Great River From Suffolk County Water Authority For $2.5M

The property involved in this transaction is a two-story office building located at 3525 Sunrise Highway, Great River, NY. The asset, previously the headquarters of the Suffolk County Water Authority, was sold for $2,500,000, encompassing 13,280 square feet and a price per square foot of $188. The building is situated on a 2-acre lot which offers prominent visibility along Sunrise Highway.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $2,500,000
• Square Footage: 13,280 SF
• Address: 3525 Sunrise Highway
• Market: Great River
• Buyer: Lessing's Hospitality Group
• Seller: Suffolk County Water Authority
• Brokers: Daniel Abbondandolo, Robert Kuppersmith & Jennifer Grgas - Cushman & Wakefield
• Price per Square Foot: $188

This acquisition by Lessing’s Hospitality Group signifies a strategic development, as the company intends to transform the acquired office space into its new headquarters. With a history spanning over 130 years, Lessing’s brings a wealth of experience in hospitality to this project. Cushman & Wakefield played a pivotal role in facilitating this transaction, marking a notable collaboration aimed at fostering growth on Long Island.