Hanover Bank expanding with office in new Hauppauge building

Hanover Local community Lender will be opening a new office environment in Hauppauge. 

Hanover leased 6,850 square feet on the 3rd floor of the freshly created business house at 410 Motor Parkway. 

The lender, owned by publicly traded Hanover Bancorp, will use the new room as an workplace and bank department, and expects to open up the new area by the close of the year. This will be the bank’s third Prolonged Island business office, subsequent Mineola and Garden Town Park. It has other spots in Manhattan, Forest Hills, Flushing, Sunset Park, and Freehold, N.J. 

“This transfer east will assistance the vivid organizations and people of the Suffolk County space and has long been a aspect of our strategic growth programs,” Michael Puorro, Hanover’s chairman and CEO, reported in a business statement. “Logistically, this place allows us to even more company the Long Island business enterprise group with business, municipal, and retail banking goods. This spot is notably void of institutional banking decisions thanks to the ongoing, robust consolidation exercise inside our market.” 

The new 35,000-square-foot setting up at 410 Motor Parkway was a $15 million speculative challenge for its developer Aresco Administration. Done late very last calendar year, the 4-story building on 3 acres at the entrance to the Extensive Island Innovation Park at Hauppauge replaced an previous one-tale industrial building and is the to start with spec business making to be made on Long Island in the very last dozen many years. 

The Hauppauge business constructing, created by John Seifert of Huntington-based mostly WSJS Architects, reserved its 1st ground for foodstuff organization. So far, Mógū Modern Chinese Kitchen, which has other areas in Farmingdale and Commack, has leased about 2,000 sq. feet and Jersey Mike’s Subs has leased about 1,700 square toes at the Motor Parkway property. Both equally eateries are envisioned to open prior to the finish of the year. 

Ron Epstein of RC Commercial Associates represented Hanover Bank and Russel Helbling, previously with Sabre Real Estate Group and now with Katz & Associates, represented Mógū, though landlord Aresco Management was self-represented in the lease transactions. 

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