Bethpage Federal Credit Union, the largest credit union in the Northeast Region and the 14th largest in the nation, has leased 1,705 square feet in TRITEC Real Estate Company's Station Yards project in Ronkonkoma. The leasing brokers for both the landlord and tenant were Maria Valanzano, Steve D'Orazio, and Jake Horowitz of Colliers.
"Bethpage is a banking and financial services stalwart for Long Islanders. They've been faithfully serving our local community for over 80 years, and that is exactly the sort of "made on Long Island" mantra we've focused on for our tenant roster." said Maria Valanzano, Senior Vice President at Collier's. "Bethpage is going to bring tremendous value to the area's residents and local businesses, and we couldn't be happier to welcome them as the newest tenant in TRITEC's Station Yards development. Their addition brings premier banking solutions and community involvement to the Ronkonkoma area."
Having originally opened its doors in 1941 as Grumman Hangar 2 Credit Union, Bethpage Federal Credit Union later changed its name in 1994 when its headquarters relocated to Bethpage. Since then, the credit union has experienced rapid growth, serving members across the United States.
“TRITEC has created a winning real estate model, providing a true sense of community for its residents. We are thrilled to be a part of this modern, transformative project, and look forward to becoming an active member of the Station Yards community for many years to come.” said Linda Armyn, Chief Strategy & Marketing Officer.
Station Yards is a transformative project developed by TRITEC, creating a vibrant new hub for Long Islanders. Along with 1,450 apartments, 195,000 square feet of retail space, and 360,000 square feet of office space Station Yards is creating thousands of jobs and housing options at the busiest train station in Suffolk County. TRITEC completed the first phase of 489 apartment homes, Alston Station Yards, in 2021. The current development phase includes:
TRITEC expects construction to be complete in 2024. The project features office space, retail, and residential units.
"Bethpage's commitment to excellence and community empowerment perfectly aligns with our vision for this development," said Jimmy Coughlan, Vice President for TRITEC Development Group. "Together, we are creating a space where businesses thrive and individuals find a sense of belonging. Bethpage's lease signing marks another milestone in our journey toward building a destination that enriches the lives of residents, commuters, and visitors."
Founded in 1986 by brothers Robert J. and James L. Coughlan, TRITEC Real Estate Company is a real estate project delivery organization dedicated to delivering high quality, trustworthy performance and lasting value. TRITEC Real Estate Company—comprising TRITEC Development Group, LLC, TRITEC Building Company, Inc., TRITEC Asset Management, Inc. has established itself as a leader among commercial real estate companies, with a long history of successfully acquiring, developing, constructing, financing, leasing, and managing real estate projects in the New York and DC metro areas. For further information, visit tritecre.com.