Three tricyanometalate precursors, (Bu4N)[(PhTp)Fe(CN)3]·H2O (1), (Bu4N)[(MeTp)Fe(CN)3] (2), and (Bu4N)[(iBuTp)Fe(CN)3] (3) [Bu4N+ = tetrabutylammonium cation; PhTp = tris(pyrazolyl)phenylborate; MeTp = methyltris(pyrazolyl)borate; iBuTp = 2‐methylpropyltris(pyrazolyl)borate], were successfully synthesized. By using 1–3 as building blocks, four rectangular clusters, [(PhTp)Fe(CN)3Cu(bpy)(H2O)(ClO4)]2·2H2O (4; bpy = 2,2′‐bipyridine), [(PhTp)Fe(CN)3Ni(tren)]2(ClO4)2 [5; tren = tris(2‐amino)ethylamine], [(MeTp)Fe(CN)3Ni(tren)]2(ClO4)2·2H2O (6), and [(iBuTp)Fe(CN)3Ni(tren)]2(ClO4)2·2H2O·2CH3OH (7), were prepared in parallel and structurally characterized. All clusters show similar square structures, where FeIII and MII (M = CuII or NiII) ions are alternatively located on the rectangle corners. The cyclic voltammograms of FeIII2NiII2 clusters 5–7 reveal two quasireversible iron‐centered reduction processes and two quasireversible nickel‐centered oxidation processes. Magnetic studies show intramolecular ferromagnetic coupling and appreciable magnetic anisotropy in clusters 4–7. Complexes 5–7 show obvious frequency dependence in the alternating current magnetic susceptibility data, which indicates single‐molecule magnet behavior with preexponential factors of τ0 = 4.5 × 10–8 s (5), 6.1 × 10–8 s (6), and 5.0 × 10–8 s (7) and the effective spin‐reversal barriers of Ueff = 17.5 K (5), 20.6 K (6), and 20.8 K (7).(© Wiley‐VCH Verlag GmbH & Co. KGaA, 69451 Weinheim, Germany, 2008)