{"id":1004361710,"date":"2019-10-22T04:55:14","date_gmt":"2019-10-22T12:55:14","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004361710"},"modified":"2019-10-22T07:17:30","modified_gmt":"2019-10-22T15:17:30","slug":"newmark-knight-frank-to-lease-westchester-county-office-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/newmark-knight-frank-to-lease-westchester-county-office-building\/","title":{"rendered":"Newmark Knight Frank to Lease Westchester County Office Building"},"content":{"rendered":"<div id=\"attachment_1004361767\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/100-Manhattanville-Road.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004361767\" data-attachment-id=\"1004361767\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/newmark-knight-frank-to-lease-westchester-county-office-building\/100-manhattanville-road\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/100-Manhattanville-Road.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"100 Manhattanville Road\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;100 Manhattanville Road. Image courtesy of Newmark Knight Frank&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/100-Manhattanville-Road.jpg?w=800\" class=\"wp-image-1004361767 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/100-Manhattanville-Road.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/100-Manhattanville-Road.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/100-Manhattanville-Road.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/100-Manhattanville-Road.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004361767\" class=\"wp-caption-text\">100 Manhattanville Road.<em> Image courtesy of Newmark Knight Frank<\/em><\/p><\/div>\n<p>Newmark Knight Frank has received the assignment as exclusive leasing agent for 100 Manhattanville Road, a 290,631-square-foot Class A office building in New York\u2019s Westchester County that has just been acquired by RPW Group.<\/p>\n<hr>\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/newmark-knight-frank-arranges-200m-refi-for-888-broadway\/\">Newmark Knight Frank Arranges $200M Refi for Manhattan Property<\/a><\/p>\n<hr>\n<p>The four-story building sits on 23.8 acres of landscaped and wooded land and was originally completed in 1986 as Nestle\u2019s corporate headquarters. It was later converted into a multi-tenant building and has since served as home to several companies, including Mastercard and Triton Container International.<\/p>\n<p>The property is 33.4 percent vacant, according to information provided to <em>Commercial Property Executive<\/em> by Yardi Matrix. That space appears to be concentrated on the 82,000-square-foot fourth floor, which is available in its entirety and represents, according to NKF, the largest contiguous block of Class A space in the Eastern I-287 submarket. The NKF team representing the landlord is led by Executive Managing Director Glenn Walsh and Senior Managing Director Lawrence Ruggieri.<\/p>\n<p>The building\u2019s amenities include a full-service cafeteria with views of the office campus and theater seating options, a fitness center, a 24\/7 concierge desk, and back-up power for all tenant space. The location reportedly provides easy access to the Rye and White Plains Metro North; the Westchester County Airport; and I-684, I-287 and the Hutchinson River Parkway.<\/p>\n<h2>A solid submarket<\/h2>\n<p>Class A office space in the I-287 East Corridor saw year-to-date net absorption of 0.4 percent on an inventory of almost 5.8 million square feet, according to a third-quarter report from JLL. The submarket enjoys a total Class A vacancy of 12.9 percent, versus 24.2 percent for Class A space countywide. The average asking rent for Class A space in the I-287 East Corridor is $28.31 per square foot. No significant office space is under development in the county, according to JLL.<\/p>\n<p>In July, developer Ward Capital Management LLC announced plans to <a href=\"https:\/\/www.commercialsearch.com\/news\/luxury-hotel-coming-to-new-rochelle-ny\/\">build a 24-story, 225-key luxury hotel<\/a> and event center in downtown New Rochelle, N.Y. The $64 million TRYP Hotel by Wyndham reportedly will be the largest hotel built in Westchester County in 20 years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The assignment comes at a time when the county\u2019s office market is seeing a gradual tightening and a lack of new construction.<\/p>\n","protected":false},"author":882,"featured_media":1004361767,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21808,1600,21742,10,21747],"tags":[32796,36007],"class_list":["post-1004361710","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-featured","category-new-york","category-latest","category-northeast","category-office","tag-jll","tag-newmark-knight-frank"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Newmark Knight Frank to Lease Westchester County Office Building - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/newmark-knight-frank-to-lease-westchester-county-office-building\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Newmark Knight Frank to Lease Westchester County Office Building\" \/>\n<meta property=\"og:description\" content=\"The assignment comes at a time when the county\u2019s office market is seeing a gradual tightening and a lack of new construction.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/newmark-knight-frank-to-lease-westchester-county-office-building\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-22T12:55:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-10-22T15:17:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/100-Manhattanville-Road.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/newmark-knight-frank-to-lease-westchester-county-office-building\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/newmark-knight-frank-to-lease-westchester-county-office-building\/\",\"name\":\"Newmark Knight Frank to Lease Westchester County Office Building - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/newmark-knight-frank-to-lease-westchester-county-office-building\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/newmark-knight-frank-to-lease-westchester-county-office-building\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/100-Manhattanville-Road.jpg\",\"datePublished\":\"2019-10-22T12:55:14+00:00\",\"dateModified\":\"2019-10-22T15:17:30+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/newmark-knight-frank-to-lease-westchester-county-office-building\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/newmark-knight-frank-to-lease-westchester-county-office-building\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/newmark-knight-frank-to-lease-westchester-county-office-building\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/100-Manhattanville-Road.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/100-Manhattanville-Road.jpg\",\"width\":800,\"height\":620,\"caption\":\"100 Manhattanville Road. 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