News: Brokerage

Central National-Gottesman leases 62,888 s/f at The Centre at Purchase

Peter Duncan, George Comfort Peter Duncan, George Comfort
Purchase, NY In one of the largest office transactions in Westchester County this year, Central National-Gottesman, Inc. (CNG), a leader in the global pulp, paper and forest products industry, will expand its operations at The Centre at Purchase office campus, signing a new lease for 62,888 s/f. The firm will grow its footprint at 3 Manhattanville Rd. by 50% to occupy portions of first and second floors, and the entire third floor of the 104,875 s/f building. According to the property’s exclusive leasing agent Newmark Grubb Knight Frank (NGKF), the lease brings the four-building, 685,000 s/f, class A office campus to 95% occupancy. The Centre at Purchase is owned by OCC Purchase LLC, a venture comprising George Comfort & Sons, Inc. (George Comfort) and O’Connor Capital Partners. NGKF executive managing directors Stephen Banker and Hilarie Siles, together with George Comfort senior vice president Dana Pike, represented ownership, and CBRE senior vice president David Block represented CNG. “We are excited to see CNG’s continued success at The Centre at Purchase,” said Peter Duncan, president of George Comfort, and managing member of building ownership. “The Centre has attracted and retained quality tenants such as CNG. We believe this is due to our continued reinvestment of capital into the asset and on-site management program that ensures that it is the premier suburban office park in Westchester County.” “The additional space enables CNG to accommodate our growth while continuing to provide a great work environment for our employees,” said Steven Eigen, CNG’s chief financial and administrative officer. “We are excited about the opportunity to expand within The Centre, whose amenities and staff are first-rate and where our experience has been fantastic. We look forward to continued success at The Centre in the coming years.” In addition to a full slate of building amenities—including two cafeterias, a 40-person conference center, a 165-seat auditorium-type conference room and a professional fitness center - there is also private shuttle to the train station that services NYC’s Grand Central Terminal, a 36-minute train ride away. Conveniently located at the intersection of I-684 and the Hutchinson River Parkway, the campus is easily accessible from Westchester and Fairfield Counties. NGKF continues to market the remaining availabilities, including a prime 10,000-square-foot office on the top floor of 4 Manhattanville Road looking out over the scenic courtyard.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account