PURCHASE, NY—MBIA Inc. will shift its globalcorporate headquarters operations from its current287,000-square-foot facility at 113 King St. inArmonk to approximately 85,000 square feet of leased space atThe Centre at Purchase office complex here.

The holding company with subsidiaries that provide financialguarantee insurance, fixed-income asset management and otherfinancial services, has leased 84,981 square feet at 1Manhattanville Road and 2 Manhattanville Road at the Centre atPurchase, which is owned by OCC Purchase LLC, a venture thatconsists of George Comfort & Sons, Inc. andO'Connor Capital Partners. MBIA employs 245workers at its Armonk complex and about another 30 more at otherMBIA locations across the globe.

The lease deal brings the four-building, 685,000-square-footClass A office campus to more than 90% occupancy, according toNewmark Grubb Knight Frank, the leasing agent forThe Centre at Purchase.