Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WHITE PLAINS, NY-Choyce Peterson Inc. reports that it has brokered a lease renewal and expansion deal with the Pentegra Group for 27,505 sf of office space at 108 Corporate Park Dr. here. John P. Hannigan and Alan R. Peterson, principals of Choyce Peterson Inc. represented Pentegra Group in the transaction. Ellen Lynch represented Eastridge Properties, the owner of the asset.

The deal consisted of an expansion of 2,424 sf, which will be combined with Pentegra’s existing 25,081 sf of space, Choyce Peterson officials say. With nearly $3 billion in assets under management, the Pentegra Group provides retirement-planning programs and services to more than 450 clients nationwide.

“There was a wide selection of class A buildings on the market,” says Kenneth H. Montgomery, president and chief executive officer of the Pentegra Group. He notes that the firm had toured a number of buildings before making its decision to stay at its current location.

“In this downward spiral of the economy, we have seen a shift in momentum during transaction negotiations over the past few years–from the building owner side back to the tenant,” says John Hannigan of Choyce Peterson. “With proper representation, tenants are able to benefit from lower rental rates, free rent and increased tenant-improvement dollars provided by the owner.”

The property totals approximately 112,000 sf and is part of EastRidge Properties’ Westchester Corporate Park office complex located on Westchester Ave., adjacent to the Cross-Westchester Expressway ( I-287).

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.