News: Brokerage

Nassau County IDA lures Manhattan-based IT firm Agilant Solutions Inc. to 72,500 s/f at 3 Seaview Blvd. in Port Washington

Port Washington, NY Nassau County executive Edward Mangano said that the Nassau County Industrial Development Agency (IDA) has lured a New York City-based high-technology company to the North Hempstead hamlet with an economic development compact that will result in the move of 163 jobs and the creation of 255 additional high-paying jobs in Nassau County.

Agilant Solutions Inc., formerly known as ASI System Integration, Inc., plans to move its national headquarters from Manhattan to a 72,500 s/f warehouse and office building owned by Ivy Enterprises at 3 Seaview Blvd. 

Agilant, which plans to spend $2.6 million on renovations, anticipates moving into the building by January 2018. The site initially will house 163 full-time-equivalent positions, including 163 from existing New York City and New Hyde Park offices.  The company, which has 625 employees worldwide, plans to create another 255 permanent jobs in new location within five years of the move. The renovations include offices, a technology lab, call center, help desk and warehouse space.

The move will result in $217.3 million in total economic benefits to Nassau County and net tax revenues of $1.38 million to affected tax jurisdictions.

“This is a huge coup for Nassau County and my economic development team deserves kudos for not just helping to keep Agilant in New York State, but bringing what ultimately will be more than 400 high-paying jobs to Nassau County,” County Executive Mangano said.

“This project allows a national leader in technology consulting to relocate and expand in Nassau County thereby benefiting the economy of the county by creating new jobs and private sector spending,” said Joseph Kearney, executive director of the Nassau IDA.

Agilant, founded in 2005 by Indian born entrepreneur Surinder Chabra, is a leading independent provider of IT consulting, enterprise computing, staff augmentation, managed print, network, and asset disposal and recycling services to companies in publishing and media, health care, financial services, education, real estate, and manufacturing. Crain’s New York Business listed ASI as among New York’s 125 largest privately held companies in 2014.

The Nassau County Industrial Development Agency consists of a team of professionals whose mission is to promote the economic welfare and prosperity of Nassau County. It is a resource for businesses in Nassau County and those considering relocation. The IDA provides assistance to businesses interested in relocating, expanding and financing new investments. It has provided assistance to a wide range of companies including Hain Celestial, Publishers Clearing House, Arizona Iced Tea, Dealer Track Technologies and Sleepy’s Mattress as well as Cold Spring Harbor Labs and Grumman Studios. 

MORE FROM Brokerage

NYSCAR June 2026 president’s message - by Mercedes Brien

As I write this letter, we are preparing to be at the Annual Conference being held at the Rivers Casino, Schenectady, New York. I look forward to reporting on the conference in my next letter. We have some great courses coming up via Zoom. Please be sure to keep watch on upcoming courses by visiting nyscar.org/resources and tools/professional development.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking