NAI Friedland and NAI James E. Hanson handle 232,000 s/f building sale

A team of brokers from NAI Friedland partnered with CBRE to support the Westchester County Association's Blueprint Initiative by representing Life Time Fitness in the purchase of One Gannett Dr. The 232,000 s/f office/distribution building was formerly home to Gannett for 39 years. The sales price was not disclosed. NAI Friedland managing directors Carl Silbergleit and Ellen Benedek partnered with Ken Lundberg, senior VP of their N.J. affiliated company NAI James E. Hanson, in the representation of LTF Real Estate Co. The building's seller, Gannett Satellite Information Network, Inc., was represented by the CBRE team of vice chairman Jeffrey Dunne, senior VP William Cuddy Jr., senior VP Steven Bardsley and senior associate Kevin Langtry. Friedland and James E. Hanson are members of the NAI Global Network, the largest managed real estate network of independently owned real estate professional companies in the world. An operator of 105 health clubs throughout North America, Life Time Fitness plans to raze the building, which is situated on the 24-acre site, in order to build a state-of-the-art fitness facility. At over 200,000 s/f, it will be one of Life Time's largest facilities. "NAI Friedland knows and understands the commercial real estate environment in Westchester County and worked closely with Hanson and Life Time Fitness to find and negotiate for a site that offered the whole package: the location, size, access, and area demographics that they desired," said Silbergleit. Marissa Brett, Westchester County Association's Executive Director of Economic Development, commended the firms on the landmark transaction. "This deal is huge for the county and strongly supports the WCA's Blueprint for Westchester's efforts of repurposing and repositioning older assets in the market," said Brett. "Life Time Fitness' building in one of our office parks marks the beginning of creating the mixed use developments along the I-287 corridor that is sorely needed." Friedland CEO Tony Lembeck serves on the real estate committee of the Blueprint Initiative. "NAI Friedland is thrilled to have been a part of this transaction that brings new business to the county and takes a large amount of vacant office space off the books," says Lembeck. "This deal is a great example of brokerage firms that are committed to the Blueprint goals and working together to create a better environment for businesses in our county. More and more, we are finding that by working with our partners in the NAI Global Network, the advantages and benefits of finding the right kinds of users for space in our market is unparalleled. Everyone is a winner in this deal." NAI Friedland is located at 656 Central Park Avenue in Yonkers and can be reached at 914-968-8500 or by visiting www.friedlandrealty.com About NAI Friedland NAI Friedland, founded in 1970, is a full service commercial real estate firm covering the entire metropolitan New York area, with a majority of its business in Westchester County and the Bronx, but additionally in Putnam and Rockland Counties, New York City, Connecticut, and New Jersey. Headquartered in Yonkers, New York, Friedland also maintains a satellite office in Manhattan. Friedland sales staff members strive to provide guidance and information that enables clients to make the best lease or purchase decisions. Brokers in Friedland's four divisions -- Retail, Industrial, Office, and Investment Sales - understand their markets and are supported by a sophisticated computer database of available properties and potential tenants. Friedland is a member of NAI, the largest managed network of commercial real estate firms in the world.