Ireland's Aer Lingus lands at high-tech LI building.Driven by a client's desire to support its investments in the new technology needed to better serve its customers while providing an optimum work environment for its staff, CRESA Partners has succeeded in finding and negotiating long-term office space for Aer Lingus Aer Lingus is Ireland's national airline. Based in Dublin, it operates 41 Airbus aircraft serving Europe, Africa, North America and the Middle East. The airline is 28% owned by the Irish government; it was floated on the Dublin and London Stock Exchanges on 2 October 2006, with the technological capabilities the international carrier requires. CRESA assembled a project management team and conducted an extensive search, culminating in a 10-year sublease sublease n. the lease of all or a portion of premises by a tenant who has leased the premises from the owner. A sublease may be prohibited by the original lease, or require written permission from the owner. for the international airline comprising 14,021 s/f at 300 Jericho Quadrangle quadrangle Rectangular open space completely or partially enclosed by buildings of an academic or civic character. The grounds of a quadrangle are often grassy or landscaped. in Jericho, on Long Island. While the space provides the technology needed to support Aer Lingus' new North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. headquarters, the length of the lease allows Aer Lingus the time and freedom to fully invest in the technology and the space, all while providing staff with a centrally-located facility. By November, the airline will relocate re·lo·cate v. re·lo·cat·ed, re·lo·cat·ing, re·lo·cates v.tr. To move to or establish in a new place: relocated the business. v.intr. from its current headquarters at 538 Broadhollow Road in Melville, N.Y., to its new space. 300 Jericho Quadrangle is owned by We're Group, which has net-leased this space to Cablevision, the sublessor to Aer Lingus. "This new location in Jericho, combined with the length of the lease, allows Aer Lingus to fully invest in its new technology capabilities," says CRESA Partners' senior vice president, Jack Petrie, who represented the tenant. "At the same time, it also is more centrally located in the metropolitan New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of area, which was important to our client and its employee base." Petrie worked with CRESA Partners' project management principal, Leonard Eagle, and project manager, Cathleen Lynch, in finding Aer Lingus' new space. Bob Rosenbluth of Real Estate Strategies, Ltd. represented Cablevision. |
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