George Comfort & Sons, Inc. announced today the signing of a 25,523-square-foot lease with POP Displays at Kingsbrook, its newly renovated six building complex located at 1100 King Street in Rye Brook, NY.
POP Displays takes an innovative approach to the design and development of custom merchandising for its clients which include major brands like L’Oreal, Maybelline, CVS, Walmart, Sally Beauty, Revlon, and Physicians Formula. Under the 11-year lease, the company will relocate its executive offices from 555 Tuckahoe Road in Yonkers in the second quarter of 2019.
Mike Bell, CEO of POP Displays commented, “We have benefitted and grown over our 15 years in Yonkers and we are pleased to be leaving on such a high note. We look forward to meeting our neighbors in Rye Brook and becoming part of that community. We look forward to servicing our customers even better as we drive future growth in our Rye Brook home office.”
Acquired by a joint venture of George Comfort & Sons and DRA Advisors in 2018, the six building, 565,000-square-foot office complex is located on an immaculately landscaped 25 acres. It features newly renovated lobbies and common areas and extensive amenity offerings with conference facilities, three cafes, two fitness centers, ample parking, shuttle service to the nearby Port Chester Metro-North station, and outdoor seating and activity spaces including volleyball and bocce courts.
Peter Duncan, CEO of George Comfort & Sons, said, “Through the capital improvements and thoughtful enhancements we’ve made since acquiring last year, Kingsbrook has been established as a premier office destination. With 4 million square feet in our Westchester and Fairfield portfolio, we are optimistic about the future of these submarkets.”
Kingsbrook is conveniently located near the Westchester County Airport, Hutchinson River Parkway, I-287, I-95, and I-684 and boasts a diverse tenant roster, which includes Nomura, Xylem, Compass Group, and the Leukemia & Lymphoma Society.
POP Displays was represented in the transaction by Managing Director Al Gutierrez on behalf of Colliers International (Mr. Gutierrez is currently with Jones Lang LaSalle), as well as by Senior Vice President Jeff Shepard of California-based Hughes Marino. George Comfort & Sons was represented in-house by Mr. Duncan and Senior Vice President Dana Pike.
About George Comfort & Sons
Founded in 1919, George Comfort & Sons specializes in acquisitions, asset and property management and brokerage, and offers full service leasing, construction and finance capabilities. It owns and operates a commercial real estate portfolio of approximately 13.5 million square feet nationwide. In addition to its New York headquarters, it has offices in Washington, DC, Purchase, NY and Stamford, Conn. For more information about George Comfort & Sons, Inc., please visit www.gcomfort.com
About DRA Advisors
DRA Advisors is an investment advisor specializing in real estate investment and management services for institutional and private investors. DRA has $10 billion in assets under management.
Since 1986, DRA’s focus has been consistent: conservative, value-added real estate investments in the office, retail, multi-family and industrial sectors in the United States. DRA’s acquisitions since inception include 1600 properties valued at over $30 billion.
About POP Displays
POP Displays USA, LLC is known in the industry by their tagline, “expect more than displays.” They are differentiated by how they challenge the status quo with their problem-solving approach to merchandising that elevates the shopper experience while addressing retailer needs. They specialize in custom permanent displays. www.popdisplaysusa.com
