GHP Office Realty arranges seven office leases at 4 Red Oak Lane totaling 30,729 s/f

GHP Office Realty, LLC has signed seven leases totaling 30,729 s/f at 4 Red Oak Ln., a 135,000 s/f, class A office building. The building is now 96% leased. The recent deals were highlighted by a 13,516 s/f commitment by HOP Energy. The company has had its headquarters in the building since 2006 and recently expanded its office space by 15%. HOP Energy was represented by Peter Hansen and Brian Carcaterra of Newmark Knight Frank of CT. The renewal and expansion is for 10 years. In other renewals, Target Corp. renewed its regional sales office of 3,619 s/f and William F. Cosulich Associates renewed its lease of 4,096 s/f. Concorde Temporary Staffing expanded its business into 3,156 s/f. In new activity, all of which absorbed vacant space, Purchase-based Welcome Home Brands relocated in to 2,000 s/f. Law firm, Pollock and Maguire, LLP relocated to the property from elsewhere along Westchester Ave. into a 3,067 s/f office space. GHP Office Realty represented the building owners directly on all of the deals. The class A office building was purchased by the principals of GHP Office Realty in September of 2000; since then, the owners have spent several million dollars upgrading the property including new lobbies and common areas, new elevators, new boilers and a new parking area. The building boasts 24 hour security, on-site parking and food service. GHP Office Realty is the office building division of Houlihan-Parnes Realtors which is presently one of the New York area's leading owners, operators and purchasers of suburban New York commercial space. GHP Office Realty has acquired, financed, redeveloped, leased and managed more than 6,000,000 square feet. Regionally, the partners presently own and manage buildings in Westchester and Rockland Counties, New York, in Fairfield County, Connecticut, in Bergen County and Princeton, New Jersey, and in Fort Worth Texas. Privately funded and well-capitalized, GHP Office Realty is stable, strong and poised to grow.