Catalano of iOptimize Realty arranges 233,000 s/f long-term lease for Dealertrack Technologies in North Hills

Dealertrack Technologies has signed a 233,000 s/f long-term lease in a to be built building at 3400 New Hyde Park Rd. This project retains 500 permanent jobs, adds an additional 350 jobs, and creates more than 200 construction jobs. Governor Cuomo said, "Since day one, my administration's top priority has been creating jobs and economic opportunities for New Yorkers, and Dealertrack Technologies is bringing both to Long Island in a big way. The company's major commitment to doing business in New York is proof positive of the progress we have made in creating an environment that attracts investment and enables businesses to grow and succeed. I am pleased with Dealertrack's decision to create hundreds of new jobs for New Yorkers and look forward to watching them continue to thrive here in the Empire State." Mark O'Neil, the company's chairman and CEO of Dealertrack said, "Dealertrack was founded here on Long Island, and we remain committed to our local team members, our customers, Long Island and New York for making our company what it is today." Rob Kent, vice president of TRITEC said, "It is great to work on a deal that you know will have a positive impact and add jobs to the Long Island economy. This was a total team effort from all sides. Dealertrack was willing to work hard to make this deal happen in an extraordinarily tight time frame. Don Catalano of iOptimize Realty was the catalyst to getting both sides to come together and countless hours were spent completing the process a great job by all involved especially Jodi Hoffman of Certilman Balin who was our attorney." iOptimize Realty represented Dealertrack exclusively in an in-depth site selection process, which included surveying more than 100 properties in five states. The new building was designed by The Spector Group, and will be built by a partnership between TRITEC and Castagna Realty. Construction drawings are currently underway and a groundbreaking is anticipated for this fall. Dealertrack expects to occupy the building. Catalano exclusively represented the tenant, Dealertrack, and Ray Ruiz of Jones Lang LaSalle represented TRITEC and Castagna Realty. Founded in 1986, TRITEC Real Estate Company—comprising TRITEC Development Group, LLC, TRITEC Building Co., Inc., TRITEC Asset Management, Inc. and TRITEC Capital, LLC—has established itself as a leader among New York commercial real estate companies, with a decades-long track record of successfully acquiring, developing, constructing, financing, leasing, and managing real estate projects.