Bank Unit Doubles Long Island Footprint
Sabre Real Estate Group brokered the 12-year deal.
Esquire Financial Holdings has signed a new 50,000-square-foot lease in Jericho, N.Y. The 274,648-square-foot office building is owned by TPG, according to Yardi Research Data. Sabre Real Estate Group brokered the 12-year deal.
The two-floor lease doubles Esquire’s office footprint. Currently headquartered at 100 Jericho Quadrangle, the firm will relocate to the new space in late 2026.
The property at 300 Jericho Quadrangle is off Jericho Turnpike, near Interstate 495. It is about 23 miles from John F. Kennedy International Airport and within 26 miles of Midtown Manhattan.
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Completed in 1979, the three-story office building underwent a cosmetic renovation in 2017, Yardi Research Data also shows. The property features more than 1,300 parking spaces.
Esquire’s new space will include a private entrance, dedicated indoor space and 16,000 square feet of outdoor space. Other tenants include Publishers Clearing House and Capital One.
Long Island office vacancy rate improves
Long Island’s office vacancy rate dropped to 13.9 percent in the second quarter of 2025, marking the first time the index dipped below 14 percent since 2022, according to a recent Cushman & Wakefield report. Average asking rates reached a new high, $34.07.
One of the largest office leases of the quarter involved another financial institution, as Flushing Bank renewed its 90,887-square-foot commitment at 1 RXR Plaza in Uniondale, N.Y. RXR owns the 1 million-square-foot building.
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