TRITEC Real Estate has closed on an $81.45 million recapitalization of the Stony Brook Technology Center. Completed between in 2007, the eight building medical office portfolio totals 261,824 sqf in the Long Island community of East Setauket, New York. The portfolio is located within a master-planned business park close to several large universities and hospital groups, including Stoney Brook University, in Eastern Long Island. Stony Brook University occupies more than 65 percent of the group of buildings, which is now 97 percent leased. Holliday Fenoglio Fowler represented TRITEC Real Estate, and procured the partner, a fund advised by UBS Real Estate & Private Markets.
