Newmark has announced two leases with prime tenants at The Centre at Purchase, a preeminent four-building corporate campus in Westchester County, N.Y.
Safaei Management, operating as Wedbush Securities, has signed a lease at The Centre. Wedbush Securities is a leading financial services and investment firm with more than 90 offices across the country. It is the latest financial industry firm to locate to The Centre, signing on the heels of the recent Guggenheim Partners long-term lease at The Centre at Purchase’s 4 Manhattanville Rd.
Also, Fisher Development Associates, LLC, a diversified real estate development and management firm and long-time tenant, has renewed its lease at The Centre’s 2 Manhattanville Rd.
“When a real estate company known for building excellent product, decides to renew its lease, it makes a statement about the building,” states Newmark Managing Principal Stephen Banker. “The same could be said about National Realty & Development Corp.’s decision to renew last year.
“There’s no question that the best-of-class properties tend to perform best in a down market. The Centre is arguably the most desirable property in the area, so it continues to attract interest,” says Banker.
Underscoring The Centre at Purchase’s prime location and hands-on ownership, Newmark Managing Director Michael McCall says it also is no surprise that firms such as Fisher Development and Hitachi Metals America, Ltd., have opted to renew. Hitachi Metals America, Ltd., which, along with its U.S. subsidiaries, manufactures and sells a wide range of specialty metals products and has been headquartered at The Centre at Purchase since 2002, recently renewed its lease for approximately 24,000 square feet.
According to McCall, the ownership, a venture comprising George Comfort & Sons and O’Connor Capital Partners, has a clear vision when it comes to the success of its tenants. As part of that vision, it undertook a multi-million-dollar improvements program that features new elevators and lobbies, common corridors and cafeterias, updated building systems, conference center, parking facilities and landscaping. Other amenities include a fitness facility and scenic outdoor setting.
“Ownership provides custom solutions-from the construction of Guggenheim Partners’ new offices to offering pre-builds for those looking to forgo the construction process and move right in to well- appointed space,” says McCall.
Newmark is searching for other top-tier companies to round out the roster of premium tenants at The Centre at Purchase. The 676,490-square-foot office complex offers space opportunities ranging from 2,000 to a full floor of 61,000 square feet. Under the pre-built program delivering move-in space to tenants in progress, there is a 6,082-square-foot high-end installation readily available on the fourth floor of 1 Manhattanville Road with a skylight, conference room and private terrace.
The Centre at Purchase campus sits on 43 acres just off I-684, I-287 and the Hutchinson River Parkway, boasting ample covered and newly resurfaced parking. For those preferring mass transit, there is a private shuttle service to and from the Rye Train Station. Another bus service runs to and from the White Plains Train Station.
About George Comfort & Sons
Founded in 1919, George Comfort and Sons is one of New York metropolitan region’s oldest, largest, and most reputable real estate firms. The company currently manages 11 million square feet of commercial property, 50 percent of which it owns, and holds assets of $1 billion in partnership with top global investors. Offering a full-spectrum of professional real estate services, including property management, leasing, construction and finance, the firm is headquartered in New York and has offices in Washington, DC, Stamford, CT, and Beverly Hills, CA.
About Newmark
Newmark is one of the largest independent real estate service firms in the world. Headquartered in New York, Newmark and London-based partner Knight Frank operate from more than 240 offices in established and emerging property markets on five continents. With a combined staff of more than 7,000 and revenues last year exceeding $993 million, this major force in real estate is meeting the local and global needs of tenants, owners, investors and developers worldwide. For further information, visit www.newmarkkf.com.