Albert D. Phelps, Inc., the managing and leasing agent for the1.4-million-sf six-building complex, announced the deals withGeneral Electric Consumer Finance, Eastman Kodak and Siemens.Merritt 7 Venture, LLC, a joint venture between New York StateTeachers' Retirement System, and Fairfield Investors Inc., own theproperty.

General Electric Commercial Finance extended its lease for atotal of 348,907 sf between buildings 201 and 401 at the park.Included is a 7,627-sf expansion for a seven-year term, bringing GEto full occupancy in Building 201 with 240,737 sf, and a 108,170-sflease extension in Building 401. The landlord relocated the Merritt7 fitness center and conference facility from Building 201 to 301in connection with the transactions.

Eastman Kodak signed a lease renewal for 48,756 sf in building401, Albert D. Phelps officials say. The building ownerrestructured the company's lease prior to the end of the previousterm, took back space on the fourth floor and the plaza level, andforfeited any early termination penalties or buyout payments aspart of the firm's new lease commitment.

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John Jordan

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