Officials with Cushman & Wakefield report Rochdale isexpected to relocate from 570 Lexington Ave. in Manhattan to its13,860-sf new offices by April. C&W senior director Steve Bakerand associate director Adam Klimek represented the building owner750 Stamford Partners LLC, an entity managed by Martin Sands. ColinReilly of CB Richard Ellis represented Rochdale.


"The property was attractive to Rochdale Securities because itoffers a great balance of central location and accessibility,combined with completely renovated office space, modern amenitiesand a cost-effective leasing structure," Baker says. "The propertyowner has put a tremendous effort into this redesign to meet theneeds of today's tenants." A more than $2-million capitalimprovement program at the property was recently completed.


The class A 11-story office building previously served as theNorth American headquarters for Diageo plc until late 2005 when thefirm relocated to 801 Main Ave. in Norwalk.


C&W's Baker says the firm is in negotiations with severaltenants interested in occupying a significant portion of theremaining 86,000 sf available at the property.


Earlier this month, thanks to significant incentives offered bythe State of Connecticut, Blue Sky Studios revealed it would berelocating from offices in White Plains to 106,140 sf at OneAmerican Ln.--the Greenwich American Centre--in Greenwich.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.