Based in Dallas, the company was primarily an office developer but branched into retail and hotel projects in the 1980's.
Ten years later, Sperry bought the property, later selling off 50 of its original 143 acres to an office developer.
The easterly portion containing about 50 acres and 350,000 square feet of buildings was sold off in 1970 to an office developer.
New Jersey commercial office developers uniformly insist that they are bullish on the office market, given the signs of improvement.
But it added that as land values rose, many existing courses were under intense pressure from home builders and office developers.
Concessions were typically given to office developers to encourage them to increase public spaces or not build all the way out to the sidewalk.
But that plan, like the those of several office developers, is now on hold.
And there are even some stirrings among office developers about putting up new high-rise projects.
As the land goes into use, however, office developers, as well as light industrial or warehouse users, have been coming to College Point.
For office developers, the search for an early "prime tenant" focuses on prestigious banks, corporations or professional firms.