Yellow light for Greenport project
Newsday Media Group has signed a 15-year lease on a 130,000-square-foot complex in Melville where the company plans to move its headquarters, the newspaper reported. The company plans to move around Labor Day into a two-building space at 6/8 Corporate Center Drive. The property, which is owned by Jericho-based real estate firm The We’re Group, is only about a mile from Newsday’s longtime base of operations at 235 Pinelawn Road, which developer Hartz Mountain Industries bought for $54.5 million in 2018 from Newsday’s former parent company Tribune Media. New Jersey-based Hartz Mountain plans to demolish the newspaper’s former headquarters to build two industrial buildings, one of which will have 600,000 square feet and the other 200,000 square feet. Construction on those two buildings is not expected to begin before 2020. Newsday’s move to a new building comes a week after the newspaper renewed its lease at a Farmingdale warehouse where the company runs its distribution operations. [Newsday]
