Total existing-home sales—completed transactions that include single-family homes, townhomes, condominiums and co-ops—rose 3.1% from December to a seasonally adjusted annual rate of 4.00 million in January.
Stark Office Suites Acquires Long Island-Based Champion Office Suites
GARDEN CITY, NY—Stark Office Suites has announced its acquisition of Champion Office Suites of Garden City. With the deal in Nassau County, Stark Office Suites now operates 12 executive office suite locations in the New York metropolitan area.
Stark Office Suites, which began operations in 2004 and is headquartered in White Plains, saw the opportunity to continue its expansion with a bridgehead into the Long Island market. Champion Office Suites has operated in the vibrant Garden City marketplace for more than 20 years and currently serves approximately 400 businesses. Champion’s offices are located at Franklin Avenue Plaza, 1225 and 1325 Franklin Ave. in Garden City with 10,182 square feet (spread across the two locations) and four employees that will remain with the company.
“Long Island is an economically vibrant and highly attractive region for business in close proximity to New York City,” said Adam J. Stark, President of Stark Office Suites. “Adding Long Island’s premier provider of executive office suites and virtual office solutions to our operations was the natural next step in our growth program.” The deal was announced on June 1.
“Stark Office Suites is the region’s premier provider of executive, flexible and virtual office solutions,” said Roger Kahn, former President of Champion Office Services. “Their reputation is stellar and Adam’s passion for superior customer service and team development mirrors mine.”
Garden City is centrally located in Nassau County with easy access to the Long Island Expressway, the Northern State, Southern State, and Meadowbrook parkways. Six Long Island Railroad (LIRR) stops and two lines within the village offer mass transit options into Manhattan.
In terms of the future of the office suites market, Stark noted, “There is no one specific workstyle that will dominate the future. Professionals and entrepreneurs will continue to migrate towards solutions that best meet their individual needs. For some, it will involve working primarily out of an office while for others the remote option with access to meeting space and professional services as needed will be the best answer. Stark Office Suites has always been dedicated to providing its clients with the space and services options that allow them to pursue the path that best serves their business needs while offering the flexibility to modify their office solutions as their needs evolve. This has driven the strong growth in Stark’s client base throughout the company’s history but particularly over the past few years.”
Stark Office Suites operates 13 premium properties, including nine in New York (Harrison, two in Manhattan, Garden City, Mount Kisco, Rye Brook, Scarsdale Village, Tarrytown and White Plains), and four Connecticut locations, Greenwich, two in Stamford, and one in Downtown Hartford, where the company bought The Stark Building, one of Connecticut’s original skyscrapers.