Heritage scores leasing trifecta at Gannett Office Park
-March 4, 2009
Heritage Realty Services, LLC announced three long-term lease renewals, including two renewal-plus-expansion leases, totaling 46,500 s/f at Gannett Office Park.
Gannett Office Park, owned by Heritage Realty Services' affiliate Dryland Gannett, LLC, is a three-building office development comprised of 2, 3 & 4 Gannett Drive in White Plains, N.Y. Homesite Insurance, which delivers home insurance policies and services to homeowners, condominium owners and renters in 45 states and the District of Columbia, renewed its 8,000 s/f and expanded an additional 4,500 s/f at 4 Gannett Drive. The 12,500 s/f space, for which the asking price was $28 per square foot, will house the company's New York sales office.
At 2 Gannett Drive, award winning global export management company Dorian and Drake International expanded its office space by leasing adjoining premises and now occupies half of the 23,000-square-foot fourth floor. The 2 Gannett building has served as the company's world headquarters for well over 15 years. Christopher O'Gallagher of Cushman & Wakefield represented the tenant. The asking price was $28per square foot.
And, insurance giant Arthur J. Gallagher & Co. renewed its 23,000 s/f lease and consolidated its Westchester County offices at 2 Gannett Drive for an additional six years. The space will continue to be one of the company's primary New York Offices.
The asking price was $28 per square foot. Kim Mowers of Grubb & Ellis represented the tenant.
"We are happy to accommodate the needs of our tenants in renewing and expanding their business ventures," said George T. Constantin, president and CEO of Heritage realty services.
"Gannett Office Park has seen remarkable tenant retention, and we very much look forward to continuing our relationship with Homesite Insurance, Dorian Drake International, and Arthur J. Gallagher & Co."