"The tenant wished to relocate its offices from Newburgh, NY to Manhattan,and subleases in the Flat Iron district offer highly competitive rates,"explains Roundell, managing director of CRESA. "The space has a recentinstallation, facilitating a quick, easy move on a tight schedule."Comprehensive's Newburgh lease was expiring and the company was looking for aplace to expand.

Marcus Rayner, principal, adds, "Good quality, pre-built space tends to movefar more easily than raw or older space in this market."

CRESA specializes in tenant representation, portfolio administration, projectmanagement and capital markets expertise. Worldwide, the firm provides servicein 35 countries and more than 125 cities. In 2002, CRESA Partners' NorthAmerican assignments totaled 37 million sf valued in excess of $4 billion.