Chemical giant inks science park lease.Cushman & Wakefield announced that Supresta U.S.L.L.C., the world's largest maker of flame-retardant chemicals, has signed a long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. lease for approximately 35,000 s/f at Ardsley Park Science & Tech Center in Ardsley, NY. Located off the Saw Mill River Parkway The Saw Mill River Parkway is a 28.9 mile, north-south parkway running diagonally through Westchester County, New York. Named for the Saw Mill River, which the highway parallels, the Saw Mill Parkway begins at the Westchester-Bronx border, where it continues into New York City as in Ardsley, Ardsley Science & Tech Center is known for its ability to cost effectively accommodate a variety of needs for both large and small research and development laboratory and office users. The park offers numerous amenities including a newly renovated full service cafeteria cafeteria: see restaurant. with indoor/outdoor seating, a fitness center, conferencing See teleconferencing. facilities, and on site storage. Supresta's space will consist of a single office floor at 420 Saw Mill River Road and a single lab floor at 430 Saw Mill River Road. The multi-building office park is comprised of more than 450,000 sf of laboratory and office space. Supresta will relocate re·lo·cate v. re·lo·cat·ed, re·lo·cat·ing, re·lo·cates v.tr. To move to or establish in a new place: relocated the business. v.intr. approximately 50 employees from Chicago. "We're thrilled thrill v. thrilled, thrill·ing, thrills v.tr. 1. To cause to feel a sudden intense sensation; excite greatly. 2. To give great pleasure to; delight. See Synonyms at enrapture. to have signed Supresta as one of our first major tenants since we've begun our new capital upgrades program at Ardsley Park Science & Tech Center. Because of their combined office and lab requirement, Ardsley Park meets Supresta's current and future infrastructure, telecommunication telecommunication Communication between parties at a distance from one another. Modern telecommunication systems—capable of transmitting telephone, fax, data, radio, or television signals—can transmit large volumes of information over long distances. and expansion needs, and provides many amenities that are important to their employees", said David Fiore, of The Davis Companies on behalf of Millsaw Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. , L.P., the property's owner. Maureen O'Boyle, senior director of Cushman & Wakefield, represented Supresta in the transaction negotiations. Cushman & Wakefield's Glenn Walsh, senior director, Tom Giannone, senior director, and Lawrence A. Ruggieri, associate, represented Millsaw Realty, L.P. The Cushman & Wakefield Ardsley Park Science & Tech Center leasing team last year launched a targeted marketing program designed to reach out to tenancies of all sizes with office/lab needs, following ownership's launch of a multi-million dollar property upgrade. "This location was an obvious target for Supresta," said Ms. O'Boyle. "The company was able to take full advantage of Ardsley Park Science & Tech Center's aggressive, market rental rates, as well as the excellent layout and multimillion dollar upgrades." Currently, there are approximately 125,000 sf of prime office and laboratory space immediately available for lease at Ardsley Science & Tech Center. "Ardsley Park Science & Tech Center is a premier location for companies with combined laboratory needs and office requirements," said Mr. Walsh. "Those types of users definitely benefit from the existing layout of the property and the accessibility of the site, which is directly off the Saw Mill River Road." |
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