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Woodlands Office Park

Woodlands Office Park

Address: 700 Veterans Memorial Highway, Happauge NY

Year Purchased: 1997

Property Type: Suburban Office

Property SF: 125,000 SF

Project Highlights: Ownership purchased this 70% occupied property out of an arduous foreclosure process. Upon acquisition, the property received renovated lobbies, new HVAC system and updated landscaping at a cost of approximately $1,300,000. Within 18 months the property was running at 90% occupancy and was sold in 2001.

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