Cushman & Wakefield brokers $47M Alliance Funding lease.

Alliance Funding, a division of Superior Bank FSB of Chicago, has leased 150,000 square feet at 1 Ramland Road in Orangeburg, New York. The multi-year transaction, valued in excess of $47 million, was negotiated by Cushman & Wakefield's Paul Glickman and Bruce Mosler, of the company's New York headquarters, and Stan Danzig, based in New Jersey.

Ramland Realty Associates, LLC, an affiliate of the Mack Cali Real Estate Investment Trust, owns 1 Ramland Road. The company completed a renovation of the 230,000 square-foot building, which previously served as a light industrial facility, into corporate offices for Alliance Funding.

"Alliance needed a location that would remain accessible to its base of over 500 employees with room to grow in the future," Glickman explained. "We evaluated a number of sites in New Jersey and Rockland County before selecting 1 Ramland Road," he said, adding that the state, county and local Rockland County government agencies created a very attractive incentive program which contributed to the company's selection of the property.

"This assignment involved a number of Cushman & Wakefield's core services," Mosler added, "including Advisory and Corporate Services in order to evaluate the current and future real estate requirements of Alliance, and to identify sites and the most strategic move." The assignment took approximately eight months.

"Our priority is choosing a site was to consider a headquarters close to our current location and one that would allow for our future growth. Cushman & Wakefield was an integral part of our negotiations and we are pleased with the end result," said Monte Kurs, president of Alliance Funding.

"Rockland County has become an attractive business location in the tri-state area with a number of prestigious corporations moving to the region both from New Jersey and Westchester," Danzig noted. "We are finding many companies considering towns in this region as a viable and competitive real estate option."