NKF brokers two leases totaling 7,230 s/f at The Centre at Purchase

Newmark Knight Frank has completed two leases totaling 7,230 s/f with tenants at The Centre at Purchase, a four-building corporate campus. Safaei Management has signed a 1,617 s/f lease at The Centre. 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 has renewed its 5,613 s/f 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," said Newmark Knight Frank 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," said Banker. Underscoring The Centre at Purchase's location and hands-on ownership, Newmark Knight Frank managing director Michael McCall said that 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 24,000 s/f. 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," said McCall. Newmark Knight Frank is searching for other top-tier companies to round out the roster of premium tenants at The Centre at Purchase. The 676,490 s/f office complex offers space opportunities ranging from 2,000 to a full floor of 61,000 s/f. Under the pre-built program delivering move-in space to tenants in progress, there is a 6,082 s/f high-end installation readily available on the fourth floor of 1 Manhattanville Rd. with a skylight, conference room and private terrace.