Keyspan signs 20-year renewal at MetroTech.Forest City Rather Companies announced that KeySpan Corporation, the largest electric generator in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of State and the largest distributor of natural gas in the Northeast, has renewed its lease at One MetroTech Center. KeySpan--at the time called Brooklyn Union Gas--was one of the first tenants to move into the 16-acre MetroTech Center, in 1992. "Since KeySpan moved into MetroTech Center thirteen years ago, we have changed our name and now serve much of the U.S. Northeast--but I'm delighted to say that our commitment to the Brooklyn community continues," said Robert Catell, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of KeySpan Corporation. "We're proud to have been anchor tenants in MetroTech, and proud to be a part of the renaissance taking place in Brooklyn." "KeySpan's early commitment to MetroTech Center really helped this project to become the success it is today," said Bruce Ratner Bruce Ratner (born January 23, 1945 in Cleveland, Ohio) is president and CEO of Forest City Ratner, the New York division of Forest City Enterprises, which is based in Cleveland. Ratner was New York City's most active real estate developer during the 1990s. , President and CEO of Forest City Ratner Companies, whose corporate headquarters are also housed in One MetroTech Center. "When KeySpan signed its initial lease in 1988, we were still four years away from opening our first building at MetroTech. Today, we are just months away from opening the final building, 12 MetroTech Center. And downtown Brooklyn Downtown Brooklyn is the third largest central business district in New York City (following Midtown Manhattan and Lower Manhattan), and is located in the has been transformed into the world-class business district we always knew it could be." KeySpan Corporation has housed nearly 1,000 employees at its executive and administrative offices at One MetroTech Center since the building opened, leasing 335,000 square feet--over one-third of the available commercial space. Last year the building's other major tenant, Bear Stearns The Bear Stearns Companies, Inc. (NYSE: BSC) is the parent company of Bear, Stearns & Co. Inc., one of the largest global investment banks and securities trading and brokerage firms in the world. , signed a 20-year renewal for its 275,000 square feet of space. The 23-story building contains approximately 933,000 square feet of class A office space and is fully leased. Scott Panzer of Newmark & Company Real Estate represented KeySpan in the transaction. KeySpan's decision to renew its lease reflects the vitality of Brooklyn as a place to do business, and the company's commitment to its home borough. In recent years, KeySpan Park Features include a concourse with free-standing concession buildings and overhanging fluorescent lamps in different colors, evoking an amusement park atmosphere. In addition, the park overlooks the Atlantic Ocean as well as the famous Parachute Jump. , the home of the Brooklyn Cyclones The Brooklyn Cyclones are a minor league baseball team in the short season single "A" New York - Penn League, affiliated with the New York Mets. The Cyclones play at KeySpan Park just off the boardwalk on Coney Island. , has helped spur the revitalization of Coney Island. KeySpan also supports many local educational and cultural organizations and events, and works closely with Brooklyn Borough President Marty Markowitz on programs and projects to improve the quality of life and economic development in the borough. "KeySpan's new 20-year commitment to MetroTech is great news for Downtown Brooklyn," said Andrew M. Alper, President of the New York City Economic Development Corporation Overview New York City Economic Development Corporation (NYCEDC) is a non-profit local development corporation that promotes economic growth across New York City's five boroughs. . "Ever since Forest City Ratner established it, MetroTech has been an anchor for Downtown Brooklyn and an invaluable tool in facilitating economic growth there. I am pleased that the City has been able to play a role in its success." The first highly sophisticated, technologically advanced Class A office space in a campus-like setting to be developed within New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , MetroTech Center is home to dozens of commercial, academic and high-technology offices. The complex's eight new and three renovated buildings cluster around a central, 3.3-acre landscaped commons. The last block of space Forest City has to offer at MetroTech is 180,000 square feet at 12 MetroTech Center. The developer of MetroTech Center, Forest City Ratner Companies (FCRC FCRC Forest City Ratner Companies FCRC Federated Computing Research Conference FCRC Federal Contract Research Center FCRC Florida Conflict Resolution Consortium FCRC Fairfax County Republican Committee (Virginia) ), is an affiliate of Cleveland-based Forest City Enterprises--one of the largest mixed-use property owners in the United States, with a portfolio of assets valued at more than $4.2 billion. |
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