NEW ROCHELLE—Houlihan Lawrence Commercial, a division of Houlihan Lawrence, announced on Aug. 21 it had brokered a 12,600-square-foot office lease with New State Capital Partners at 270 North Ave. in New Rochelle.
The tenant, New State Capital Partners, a private investment firm, is relocating its corporate headquarters from 2001 Palmer Ave. in Larchmont to New Rochelle. The tenant needed to more than double the size of their current space. The space came fully-furnished and move-in ready. The building includes parking and is located directly across from the Metro-North train station, Houlihan Commercial officials stated.
According to its website, New State Capital also has offices in Boston, the Miami/Tampa area and in the Los Angeles/Orange County, CA region.
The landlord was represented by Mike Rackenberg, Associate Broker, with Houlihan Lawrence Commercial and the tenant was represented in the transaction by Andy Grossman, Associate Broker, also with Houlihan Lawrence Commercial.
Rackenberg will oversee the day-to-day operations of Houlihan Lawrence's Commercial Division and its 45 agents that offer boutique service for a broad range of clients locally and globally.
“The struggle to create housing that is affordable for people across the entire spectrum of income will be the defining civic issue for this generation of leaders in the Hudson Valley,” Pattern CEO Adam Bosch said.
Data shows that from 1996-2021, the Hudson Valley region lost a net total of 146,763 people to out migration, which calculates out to 5% of the Hudson Valley’s population.
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