Software maker Dealertrack has unofficially opened its new $100 million corporate headquarters.
The developer of software solutions for the automotive retail market won’t actually move in employees until early July, but Dealertrack marked the opening of the LEED-specified, 230,000-square-foot North Hills facility on Wednesday.
The new headquarters will house nearly 600 employees, the company said, with plans to add as many as 350 more.
Empire State Development Corp. President and CEO Howard Zemsky called the software maker “an important employer in the region.”
“Which is why we worked together three years ago to ensure its expanding footprint and job growth would continue to occur on Long Island,” Zemsky said Wednesday. “Today, we are seeing the fruits of those efforts in a new, state-of-the-art facility that will create hundreds of well-paying jobs for New Yorkers.”
Launched in 2001, Dealertrack develops software solutions and provides related services for auto dealers, lenders and others associated with the automotive retail industry, including equipment manufacturers and aftermarket providers.
The company is a subsidiary of Atlanta-based Cox Automotive, which acquired the Long Island firm for $4 billion in 2015. Cox Automotive, which boasts roughly 33,000 employees across more than 200 global offices and subsidiaries, owns several major auto-industry brands, including Autotrader and Kelley Blue Book.
The acquisition called into question deals Dealertrack had made with the Nassau County Industrial Development Agency and Empire State Development, Albany’s main economic-development engine. In 2014, the Nassau IDA approved an incentives package including $1 million off mortgage-recording taxes and $5.7 million in sales tax breaks after Dealertrack said it was considering relocating out of state. The state also promised about $12 million in support.
But on Wednesday, Dean Tilsley, Dealertrack’s senior vice president of finance and operations, noted the company’s “unwavering commitment to the Long Island metro area.”
“When Dealertrack originally announced the new building plan three years ago, it was a vision driven by our team members to have a work environment that inspired innovation and collaboration, and overall health and wellness in the workplace,” Tilsley said. “We are proud to offer our team members a state-of-the-art facility where they can continue to develop solutions that are changing the way the world buys and sells vehicles, and also contributes to local economic prosperity.”
The new headquarters facility features indoor basketball and volleyball courts, a cafe, a cardio room, a yoga studio, indoor and outdoor dining areas, game rooms and a walking trail. East Setauket-based Tritec Real Estate Co. served as construction manager for the project and partnered with Manhasset’s Castagna Realty Company Inc. as joint developers.
New York City-based architect Spector Group, which maintains a satellite office in Woodbury, was responsible for the building envelope, while East Meadow designers Combined Resources developed the interior spaces.
Tritec Real Estate principal Jim Coughlan said his firm was proud to partner with Castagna Realty Company to conceive and create the “landmark headquarters,” which provides “a cutting-edge, amenity-rich environment that will allow Dealertrack to continue to build one of Long Island’s most talented teams in the tech industry.”
Frank Castagna, principal of Castagna Realty Company, called the $100 million construction “modern yet timeless,” while John Gutleber, Castagna Realty’s president and CEO, said his firm “took the time to find the proper tenant for this prime location.”
“We look forward to Dealertrack being a long-term tenant that continues to grow and prosper,” Gutleber said in a statement.