News: Brokerage

Korchak and Winter of JLL rep owner in 25,670 s/f lease renewal at 100 Manhattanville Rd., Purchase

Jones Lang LaSalle (JLL) has completed an early lease renewal and expansion for the owner (SEB Investment GmbH) at 100 Manhattanville Rd. Knight Capital Group Inc. renewed its direct lease for 14,190 s/f of space at the building and signed for an additional 11,840 s/f at the 280,000 s/f building. Knight will occupy a total of 25,670 s/f. The building owner was represented by William Korchak, executive vice president, and Barbara Winter, senior vice president, both with JLL's New York office. Knight was represented in-house. "Knight is a growing company and was looking for expansion space in a building that could accommodate its high-tech requirements," said Korchak. "The firm preferred to remain at its existing location at 100 Manhattanville Rd., which can accommodate the technical infrastructure required to meet the company's needs." "We were able to create the space the firm required through the termination of two existing leases on the same floor," said Winter. Knight currently occupies a total of 19,030 s/f of space on the first floor at 100 Manhattanville Rd., with 14,190 s/f leased on a direct basis from the building owner and an additional 4,840 s/f subleased from another tenant. The firm renewed its direct lease of 14,190 s/f for 12 years and expanded its occupancy to 25,670 s/f by taking an additional 6,640 s/f on the first floor of the building on a direct basis. In addition, the 4,840 s/f it had subleased will convert to direct space upon expiration of the sublease and will be coterminus with the rest of its space at the building. Neighboring tenants at 100 Manhattanville Rd. include MasterCard International, Pernod Ricard USA and TAL International.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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.
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
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