Helping Hanover Find Their Suite Spot

When a Regional Bank Needed High‑Profile Headquarters

They Knew Exactly What They Wanted

Hanover Bancorp was preparing to go public, with a planned listing on the Nasdaq Global Select Market under the symbol “HNVR.” Likewise, they needed a prominent, modern Suffolk County headquarters with high-profile visibility that reflected their forward‑looking vision.

Practically speaking, the space needed to integrate office and branch functions seamlessly—and grow their business and emphasize their brand as a dynamic financial institution with foresight and opportunity.

They Hires Us to Find It

Because Hanover’s expectations were crystal clear: sleek Class A space with a modern environment to match the bank’s ambitions, which helped us quickly create a shortlist of 3 or 4 buildings. While still under construction, 410 Motor Parkway in Hauppauge, a brand-new 35,000 sf, 4-story office building fit CEO Mike Puorro’s vision perfectly: floor-to-ceiling electronically dimming windows for the C-Suite; industrial modern interior and elegant contemporary exterior architecture; located at the gateway to the Long Island Innovation Park — together would create the identity the bank needed to reinforce its reputation and attract the top-tier talent in the banking industry (if all that weren’t enough, the 2-story Beatles photo laminated on the wall in the stairwell would surely seal the deal).

Negotiations with developer Craig Padover of Aresco Management were “direct” but always courteous, professional and productive. Being the proposed second major tenant in the building, Hanover’s presence was as valuable to Aresco as the space was to Hanover—so both sides left the brinksmanship at the door to achieve their goals. We guided Hanover through what were at times tough, but always deliberate Lease negotiations in securing the bank’s 6,850-square-foot third-floor suite.

Celebrating Two Milestones

After a lengthy lease process came an even longer wait for building construction and Hanover’s build-out to be completed, supply chain headaches holding up their FF&E, and securing regulatory approvals. The wait was made all worthwhile, when in May of 2023, Hanover officially celebrated the opening of their stunning Suffolk County headquarters; coincidentally just a few days of the anniversary of celebrating their May 2022 debut as a publicly traded company.

These achievements marked major milestones on Hanover’s growth trajectory and its emergence as a leading force in the Long Island / New York Metro Area banking landscape.

Are You Growing Too?

You may not be a publicly traded company, but your needs matter—both to you, and to us. Whether you're launching a flagship office, relocating your factory, or expanding with new store locations, RWPS is here to help you find space to grow your business—strategically and intelligently.