Choyce Peterson Inc., a full-service commercial real estate brokerage firm, announced the successful completion of lease negotiations on behalf of Martin Rosner Eleftherion Inc. (MRE), an independent insurance agency, to renew its 2,554-square-foot headquarters lease at 2975 Westchester Ave. in Purchase, New York. Choyce Peterson Principal John Hannigan represented MRE Insurance in the transaction.
Hannigan had previously represented MRE Insurance in its move to 2975 Westchester Ave. in 2007, in addition to working with them on multiple lease renewals and several amendments in subsequent years. John Martin, CEO of MRE Insurance, once again reached out to Hannigan as his lease was coming due. After reviewing comparable buildings in the area, Martin directed Hannigan to negotiate favorable terms for the renewal of MRE Insurance’s current office lease. Hannigan began negotiations with the landlord, prioritizing flexible option periods and a competitive rental rate for the full lease term.
The MRE Insurance team appreciates the ideal location of this building with its proximity to I-287 offering easy access to both Westchester and Fairfield counties. With its park-like setting, this classic glass and steel office building offers its tenants abundant surface parking, an on- site cafeteria and on-site building management.
“It was a pleasure to work with John once again on MRE Insurance’s headquarters renewal,” said Hannigan. “When a company plans to stay in place and renew its lease, it is essential to engage a dedicated tenant broker to negotiate favorable renewal terms. In this case, we successfully restructured MRE Insurance’s existing lease obligation to include flexible option periods, an attractive base rent and free rent — all in support of their broader business and economic goals.” Martin said, “…We’re excited to continue our tenancy in a space that aligns perfectly with our needs.” The landlord, Schur Management Company Ltd., was represented by Robert Taylor, associate broker at RM Friedland.
Founded in 1936, Martin Rosner Eleftherion Inc. is an independent insurance agency that provides property, liability and life insurance protection to businesses and individuals in the tri-state area. MRE Insurance represents companies like Chubb, Travelers, CNA, and Hanover, allowing them to offer a wide array of insurance products tailored to the needs of MRE Insurance clients. The firm takes a personal approach when analyzing their clients’ insurance needs so that the advice is specific and the insurance solutions are comprehensive.
Choyce Peterson Inc., a full-service commercial real estate brokerage with offices in Norwalk, Connecticut, and Rye Brook, New York, was founded in 1997 and has negotiated millions of square feet of transactions in 42 states and Canada.
