Long-term lease for The Cook’s Studio at New Village

Colliers, the leading global commercial real estate services firm, announces it has secured a long-term lease for The Cook’s Studio at TRITEC Real Estate Company’s New Village at Patchogue, a mixed-use development on Long Island. A Colliers’ team, led by vice president’s Maria Valanzano and Steven D’Orazio, represented the landlords TRITEC and UBS. Michael Tucker from Daniel Gale represented The Cook’s Studio. 

Located in the heart of downtown Patchogue, New Village has been reinvigorating the surrounding community for the last several years, attracting other tenants including Southdown Coffee and Affiliated Agency Insurance. Developed by TRITEC and completed in 2014, the New Village at Patchogue has helped create a pedestrian-friendly environment, which has contributed to the revitalization of the Village. The new retail tenants will reactivate Village Green and bring new and exciting services and products to the people of Patchogue. 

“The Cook’s Studio is yet another leading business that the tenants of the New Village and the community of Patchogue are sure to love,” said Chris Kelly, vice president of marketing at TRITEC. “When we designed New Village, we envisioned a fun, family-friendly environment that people want to live in or visit. We’re proud to have helped achieve this goal and we’re thankful to Maria, Steven and Colliers for finding the types of quality tenants that make Patchogue one of Long Island’s most vibrant downtowns.”

“The Cook’s Studio lease helps complete another portion of the vision that TRITEC had for New Village and the Village Green when it planned and built the property,” said Valanzano. “The Cook’s Studio and other retail tenants are helping to create long-term sustainability for Patchogue and providing the community with a fun, vibrant atmosphere that anyone would want to have in their backyard.”

New Village at Patchogue offers 291 apartments, as well as 45,000 square feet of retail and 17,000 square feet of office space. The project has become closely ingrained in the community, hosting public outdoor concerts, resident events and festivals. A study completed by the Long Island Regional Planning Council found that in Patchogue, project construction, new construction, non-local household spending, and downtown business operations had created $693 million in total economic output over a 16-year period. In 2019 Patchogue was added to the national list of Great Neighborhoods by the American Planning Association.

About Colliers

Colliers is a leading diversified professional services and investment management company. With operations in 63 countries, our more than 18,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 27 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of approximately 20 percent for shareholders. With annual revenues of $4.6 billion and $92 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors, and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.

About TRITEC

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.