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 with the technological capabilities the international carrier needed.
CRESA assembled a project management team, and conducted an extensive search, culminating in a 10-year sublease for the international airline comprising 14,021 rentable square feet ("rsf")at 300 Jericho Quadrangle in Jericho, on Long Island.
While the space provides the technology needed to support Aer Lingus’ new North American 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 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 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.