PURCHASE, NY—MBIA Inc. will shift its global corporate headquarters operations from its current 287,000-square-foot facility at 113 King St. in Armonk to approximately 85,000 square feet of leased space at The Centre at Purchase office complex here.

The holding company with subsidiaries that provide financial guarantee insurance, fixed-income asset management and other financial services, has leased 84,981 square feet at 1 Manhattanville Road and 2 Manhattanville Road at the Centre at Purchase, which is owned by OCC Purchase LLC, a venture that consists of George Comfort & Sons, Inc. and O'Connor Capital Partners. MBIA employs 245 workers at its Armonk complex and about another 30 more at other MBIA locations across the globe.

The lease deal brings the four-building, 685,000-square-foot Class A office campus to more than 90% occupancy, according to Newmark Grubb Knight Frank, the leasing agent for The Centre at Purchase.