Choyce Peterson, Inc., a leading commercial real estate brokerage firm, has completed the successful renewal of Martin Rosner Eleftherion, Inc.’s (“MRE Insurance”) 2,554 square-foot headquarters lease at 2975 Westchester Avenue in Purchase, NY. This transaction underscores the longstanding partnership between MRE Insurance and Choyce Peterson Principal John Hannigan, who has represented the firm through multiple relocations and renewals since 2007.
Lease Details
The lease renewal demonstrates the value of experienced representation and strategic negotiation in securing favorable lease terms for established tenants.
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- Broker: John Hannigan, Choyce Peterson, Inc. (www.choycepeterson.com)
- Asset Class: Office
- Tenant: Martin Rosner Eleftherion, Inc. (“MRE Insurance”) (www.insurancemre.com)
- Square Footage Leased: 2,554 SF
- Lease Terms: Flexible option periods, competitive base rent, free rent
- Landlord: Schur Management Company, Ltd.
- Landlord Representation: Robert Taylor, RM Friedland
2975 Westchester Avenue: Property Summary
2975 Westchester Avenue offers a professional environment tailored to the needs of modern businesses. The building’s classic glass and steel architecture, ample surface parking, and an on-site cafeteria make it a sought-after headquarters address in Purchase, NY.
- Address: 2975 Westchester Avenue, Purchase, NY
- Building Type: Office
- Notable Amenities: On-site cafeteria, on-site management, abundant parking
- Proximity: 1/4 mile from I-287 Exit 10 and within 2.5 miles of I-95, with excellent access to Westchester and Fairfield Counties.
Leasing Strategy & Execution
Securing this renewal required a methodical and analytic approach. The process began with a comprehensive review of comparable properties in the area, ensuring that MRE Insurance had full visibility on market alternatives and negotiating leverage.
- The tenant prioritized continuity of operations, seeking to remain in their established headquarters.
- John Hannigan focused on obtaining flexible option periods to accommodate future growth or change.
- Negotiations resulted in an attractive base rent and a period of free rent, strengthening the tenant’s business position.
- The relationship-driven approach between MRE Insurance and Choyce Peterson, built on years of trusted guidance, enabled efficient communication and a seamless renewal process.
I-287 Corridor Overview
The property’s location in Purchase, NY provides a blend of accessibility, convenience, and amenities. Tenants benefit from immediate access to major highways, a park-like campus, and a thriving commercial environment.
- The Westchester (125 Westchester Ave, White Plains) – 10 min drive – High-end shopping center featuring luxury retailers and popular dining.
- PepsiCo Headquarters (700 Anderson Hill Rd) – 5 min drive – Corporate campus with community events and scenic landscaped grounds.
- Purchase Community House (3095 Purchase St) – 5 min drive – Recreation and cultural center serving the surrounding business and residential community.
This office space is near premium amenities and services, including several national banks, upscale restaurants, and well-known hotels. The proximity to I-287 provides direct connectivity to downtown White Plains, Rye, and Greenwich. For commuting staff, the location offers convenient access to Metro-North Railroad stations and key business corridors.
Restaurants In and Around Purchase, NY
- Trattoria 632 – 632 Anderson Hill Rd, Purchase (1.1 miles): Cozy restaurant offering authentic Italian cuisine, perfect for business lunches or client dinners.
- The Cobble Stone – 620 Anderson Hill Rd, Purchase (2.0 miles): Burgers, salads & other classic American fare in a homey tavern setting frequented by locals.
- The Blind Pig of Westchester – 174 Martine Ave, White Plains (4.2 miles): Unique gastropub with craft cocktails and creative small plates, ideal for after-work gatherings.
Hotels In and Around Purchase, NY
- Hyatt House White Plains – 101 Corporate Park Dr, White Plains, NY (1.4 miles): All-suite hotel with extended stay amenities, popular for business travelers.
- Courtyard by Marriott Rye – 631 Midland Ave, Rye, NY (3.0 miles): Modern comfort and convenience, just 10 minutes from Westchester County White Plains Airport.
- The Opus Westchester, Autograph Collection – 3 Renaissance Sq, White Plains, NY (4.5 miles): Luxury hotel in downtown White Plains, featuring chic rooms and a rooftop bar.
Conclusion
Renewing MRE Insurance’s headquarters lease at 2975 Westchester Avenue supports the company’s ongoing growth and operational stability. This transaction further demonstrates the value of strategic tenant representation and thoughtful negotiation in the Westchester County office market.
Client Testimonial
“We were delighted to once again rely on John’s trusted guidance during our lease negotiations. His professionalism and sharp understanding of the market were instrumental throughout the process. We’re excited to continue our tenancy in a space that aligns perfectly with our needs.” — John Martin, CEO, MRE Insurance
FAQ’s
What is the history of this office space?
The building has served as the headquarters for MRE Insurance since 2007, with multiple lease renewals reflecting tenant satisfaction.
What features stood out to the tenant?
The convenient location, park-like setting, surface parking, on-site cafeteria, and professional management were critical factors.
Why is this a strong location for office tenants?
Immediate access to I-287 and 2.5 miles from I-95, with proximity to Westchester and Fairfield Counties, makes it ideal for businesses seeking regional reach.
Were any incentives or buildouts part of the lease?
Yes — the renewal included flexible option periods, an attractive base rent, and a period of free rent.
What type of business moved into the space?
MRE Insurance, an independent insurance agency, uses the space as its headquarters.
