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Deals & Dealmakers

Paper giant inks one of the largest W’chester leases of the year at The Centre at Purchase

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 in Purchase, N.Y., signing a new lease for 62,888 s/f.

The firm will grow its footprint at 3 Manhattanville Road by 50 percent to occupy portions of first and second floors, and the entire third floor of the 104,875-square-foot 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 approximately 95 percent 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. CBRE senior vice president David Block represented CNG in the transaction.

“We are excited to see CNG’s continued success at The Centre at Purchase,” said Peter S. 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.

Located at the intersection of I-684 and the Hutchinson River Parkway, the campus is accessible from Westchester and Fairfield Counties.
NGKF continues to market the remaining availabilities, including a 10,000 s/f office on the top floor of 4 Manhattanville Road

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