Northwell Health is taking advantage of an opening left by the exit of what was one of Long Island’s largest publicly traded companies, organic and natural products maker Hain Celestial.
In March, Hain vacated a Lake Success building it was leasing as its headquarters, allowing Northwell, the largest health care provider in the state, to buy the 86,000-square-foot building and about 2 acres at 1111 Marcus Ave. the following month.
Northwell, which already has a facility attached to the rear of the Marcus Avenue property, plans to use its newly purchased four-story building for mostly training and educational purposes, said Joe Moscola, executive vice president of Enterprise Services at Northwell.
The building that Hain occupied was once home to the United Nations. It was owned by Waterstone Properties Group Inc., a Needham, Massachusetts-based company.
WHAT TO KNOW
- Northwell Health has purchased the former headquarters of Hain Celestial in Lake Success.
- Hain vacated the building in March, saying it was too large because of the shift to remote work.
- Northwell will spend $50 million on new equipment and other costs at the building, which will be used primarily for training and education.
Waterstone did not respond to a request for comment.
The rear of the former Hain building is connected to an approximately 750,000-square-foot facility, at 450 Lakeville Road, on 80 acres, which Northwell has occupied since 2015.
Also, Northwell’s headquarters is across the street at 2000 Marcus Ave.
The purchase of the former Hain building helps change the landscape of Northwell in Lake Success, Moscola said.
“This becomes more of like a campus feel. At least that’s what we’re going to be going for. It’s this major hub for Northwell and for our patients,” he said.
In the former Hain building, Northwell plans to include a conference center, simulation laboratories for training clinical staff, three-dimensional printing for educational…
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