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German Bank Doubles Operations in Westchester

RYE BROOK, N-Commerzbank Aktiengesellschaft has doubled its presence in Westchester County and will relocate its banking operations from Rye to 31,520 sf at 6 International Dr. at the Reckson Executive Park here.

By John Jordan | Updated on October 16, 2002

RYE BROOK, NY-Reckson Associates Realty Corp. announces that it has completed lease negotiations with German banking firm Commerzbank Aktiengesellschaft to relocate its operations to 31,520 sf of space at the REIT’s office complex here.

Commerzbank Aktiengesellschaft is doubling its presence in Westchester County, according to Salvatore Campofranco, managing director of the Westchester/Connecticut division of Reckson Associates Realty Corp. The banking firm is currently housed at the International Corporate Center at Rye. Campofranco says that the bank will be moving into its new office at the six-building, 540,000-sf Reckson Executive Park by January 2003.

Commerzbank will house its disaster relief unit, affiliated with the bank’s capital credit division, in over a third of the 90,000 sf 6 International Dr. building on the second floor. Commerzbank was represented by Gerry Lees and John Cefaly of Cushman & Wakefield in the transaction. The deal brings the 6 International Drive property to above 90 percent occupancy.

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