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NKF Retained as Broker for Sale of 120,000 SF Office Building at One Zeiss Drive

Meticulously Maintained Headquarters Property on Scenic Westchester Hilltop Location

Stamford, CT (12/13/2017)

9:00 AM

Newmark Knight Frank (NKF) is pleased to announce it has been appointed the broker for the sale of a 120,000-square foot office building, which sits on 12.5 acres at One Zeiss Drive in Thornwood, New York, a hamlet in the Town of Mount Pleasant. ZEISS, an internationally leading technology enterprise operating in the fields of optics and optoelectronics, is selling the property and relocating with the assistance of NKF Executive Managing Director Greg Frisoli, Senior Managing Directors Jennifer Schwartzman, Lawrence Ruggieri, David Noonan and Rob Hughes, and Associate Daniel Flynn.

The two-story brick building features a photovoltaic (PV) system and a solar roof installed with a 20-year warranty, greatly reducing utility costs. Additional amenities and upgrades include a cafeteria with a walk-in refrigerator and freezer, a breakfast bar with a seating area as well as outdoor seating, a fitness center, restrooms with showers on each floor and renovated lobbies. The floors themselves are open and spacious, with 14-foot ceiling heights and 20-foot column spacing. A 4,000-lb. hydraulic elevator provides transportation between the floors. The conference center features a new audio-visual equipment seats over 100 people.

The landscaping is equally appealing and impeccably maintained with a variety of evergreen trees, shrubs and flowering plants throughout the site. A 225-space parking lot can be expanded by 450 spaces, and there are two loading docks and two drive-in doors to accommodate logistical needs. The property is 33 miles from LaGuardia Airport, seven miles from Westchester County Airport and just over two miles from the Hawthorne and Pleasantville Commuter Rail Stations.

Jennifer Schwartzman will lead the asset disposition efforts. While the property at One Zeiss Drive includes potential for leasing, it is currently listed for the asking price of $5 million.

The 12 acres of land and versatile office building's spaces are flexible, and can accommodate a wide variety of companies and uses such as Medical, R&D, and uses with storage and loading components.

"The building's amenities, strategic location nearby major thoroughfares and the spaciousness of the property provide an opportunity for many types of users and developers. We have already seen a variety of office and other creative uses that would be great fits for the building," said Frisoli.

"As a company beginning with Carl Zeiss's microscopy endeavors in 1840s Germany, the business has developed to lead the way globally in a range of technologically advanced microscopy, from laser scanning to electron and ion," said Christian Martin, President at Carl Zeiss, Inc. "This building is now a part of that rich, impressive history, and while we are glad to relocate for our business's needs, we are leaving behind a property that will benefit whichever business makes it their new home."

About Newmark Knight Frank
Newmark Knight Frank (NKF) is one of the world's leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NKF's 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents.

With roots dating back to 1929, NKF's strong foundation makes it one of the most trusted names in commercial real estate. NKF's full-service platform comprises BGC's real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing, corporate advisory services, consulting, project and development management, property and corporate facilities management services, valuation and advisory services, and capital markets services provided through its NKF Capital Markets brand. For further information, visit www.ngkf.com.

NKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC's common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit www.bgcpartners.com.