News: Brokerage

Gutierrez, Cohen and Roos of Colliers complete 19,939 s/f lease; Relocation and expansion on behalf of Marks Paneth LLP

Colliers International arranged a long-term, 19,939 s/f relocation and expansion on behalf of accounting firm Marks Paneth LLP at 4 Manhattanville Rd. Marks Paneth — one of the New York region's largest accounting firms — offers a wide range of accounting, auditing, tax, consulting, restructuring, bankruptcy, and advisory services, as well as litigation and corporate financial advisory services to domestic and international clients. The firm is headquartered in Manhattan with additional offices in Washington, D.C., New Jersey and Long Island. The firm will double the space it leases in Westchester in order to meet its growing needs, relocating from its existing space in Tarrytown, NY, with plans to occupy its new office on the fourth floor of 4 Manhattanville Rd. in January 2016. The building resides within The Centre at Purchase office park, owned and operated by George Comfort & Sons. "Marks Paneth is growing, and has expansion needs which cannot be accommodated at their current locations," said Al Gutierrez, executive managing director at Colliers International, who along with Tri-State president Michael Cohen and Tri-State vice chairman Andy Roos represented the tenant. "But this presented an opportunity for Marks Paneth to relocate to The Centre at Purchase, one of the premiere office parks in Westchester County." "This new venue gives us room to expand as we continue to grow our firm, organically and through acquisitions," said Mark Levenfus, managing partner at Marks Paneth. "We're excited to have the opportunity to relocate to such a beautiful and convenient office campus in Westchester County, and Colliers International, which represents us in all our leasing efforts, was instrumental in making this happen." In close proximity to the Hutchinson Parkway, Cross Westchester Expressway, I-684, and less than 30 miles from Midtown Manhattan, The Centre at Purchase offers tenants a distinctive combination of amenities and total ease of access from virtually any point in Westchester County and beyond, creating a truly Class A corporate campus. The Centre at Purchase consists of one 3-story and three 4-story office buildings, totaling more than 675,000 square feet of space. The 43-acre corporate campus includes abundant parking, a gourmet cafe, professional gym, and onsite management. The centrally located pond features fountains, picnic tables, and bridges for all the tenants to enjoy. Dana Pike, in house with George Comfort & Sons, who along with Hilarie Siles and Stephen Banker, of Newmark Grubb Knight Frank, represented the landlord in the Marks Paneth transaction.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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.
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,
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