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.

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"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.

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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.

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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.

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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.