Melville Square Corporate Center, 1305 Walt Whitman Road – Melville, NY
Melville, NY Merrill Lynch Wealth Management has renewed its tenancy at the Melville Square Corporate Center, 1305 Walt Whitman Rd., according to The Feil Organization, the building’s owner and manager. Terms were not disclosed for the five-year lease.
The financial powerhouse will continue to occupy 28,522 s/f at the building, which is located in the heart of Long Island’s corporate headquarters corridor on the border of Nassau and Suffolk Counties. Earlier this year, RUI Credit Services expanded its presence at the building by 11,834 s/f, growing to a total of 30,845 s/f on the second floor. Other building tenants include KPMG and USI Insurance.
“Merrill Lynch has been a tenant in the building since the first renovation in 1999,” said David Turino, director of leasing. “We are pleased Merrill Lynch will continue to operate its eastern long island wealth management services at Melville Square Corporate Center. The Feil Organization is committed to improving the property and retaining its prestigious roster of class A tenants.”
Feil acquired the 165,310 s/f building in September 2015 and plans major upgrades including the relocation and installation of a full-service café, creation of a high-tech conference center, and renovation of the fitness center. Built in 1955, 1305 Walt Whitman Rd. consists of three floors and two atria, located directly off exit 49 of the Long Island Expressway (I-495). The complex is just 30 minutes from LaGuardia, John F. Kennedy International and Islip-MacArthur Airports, directly across from a full-service Marriott Hotel, and close to Walt Whitman Mall, restaurants and retail options on Route 110.
Turino and Nicholas Forelli, also director of leasing for Feil, represented the landlord. Vince LaManna and Richard Freel of CBRE represented Merrill Lynch.