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Archive for the 'Lease transactions' Category

Fabrication Enterprises renews lease, expands in Elmsford

June
3

Mack-Cali Realty Corp. said that Fabrication Enterprises Inc. had signed a six-year lease renewal for 21,000 square feet of space at the Cross Westchester Executive Park in Elmsford, and was expanding into an additional 16,000 feet.
The company makes and distributes products for physical therapy, rehabilitation, home health and sports medicine. It also renewed a lease for 21,000 square feet at a third location at the office park for six years.

Posted by Jerry Gleeson on Wednesday, June 3rd, 2009 at 3:21 pm |
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Westchester Medical Group to consolidate at new HQ, add staff

June
3

The Westchester Medical Group said it will consolidate administrative offices at 32,000 square feet of space at 2700 Westchester Ave. in Purchase by the end of September. It will add 40 to 50 more employees at the site over the next 18 months.
Chief Financial Officer Clark Yoder said the group was moving administrative offices out of the third floor of 210 Westchester Ave. in Harrison, to accommodate more clinical practice there.
The new offices also will draw staff from two other offices in central Westchester. The medical group will consolidate billing, human resources, general finance, and a call center at the new site. The group employs 510 people plus 143 doctors, Yoder said. About 150 to 160 people work in administration.
CB Richard Ellis represented the medical group in the lease, which will run at least 10 years. The building, owned by Normandy Realty Partners, would be about one-third vacant once the medical group moves in.
In early 2010, Westchester Medical Group expects to open a $7 million surgical center in Rye.

Posted by Jerry Gleeson on Wednesday, June 3rd, 2009 at 3:19 pm |
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Westinghouse Air Brake renews Elmsford lease

April
29

Mack-Cali Realty Corp. said Westinghouse Air Brake Technologies Corp. has signed a five-year lease renewal for 28,000 square feet at 4 Warehouse Lane, at the Elmsford Distribution Center. Westinghouse Air Brake Technologies Corporation provides technology-based products and services for the rail industry.

Posted by Jerry Gleeson on Wednesday, April 29th, 2009 at 12:16 pm |
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Diebold, Acorda sign new leases

March
19

A global security business is consolidating three separate offices into a single site in Elmsford, and a biotechnology company has renewed its lease in Hawthorne, Mack-Cali Realty Corp. said.
Diebold Enterprise Security Inc. has signed a seven-and-a-half year lease for 32,000 feet at 3 Westchester Plaza, at the Cross Westchester Executive Park, Mack-Cali said. Diebold will move staff from three different buildings on Lafayette Street in White Plains to the new site in May.
The building is 84.9 percent leased. Diebold was represented by CB Richard Ellis’ Executive Vice President William V. Cuddy Jr. and Senior Associate Timothy C. Donohue. Mack-Cali Vice President of Leasing Jeffrey Warner and Senior Director of Leasing Carol McGuire represented the landlord.
Mack-Cali also announced that Acorda Therapeutics Inc. has signed a three-year lease renewal for 46,000 feet at 15 Skyline Drive in Hawthorne. The building is fully leased.

Posted by Jerry Gleeson on Thursday, March 19th, 2009 at 4:31 pm |
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Wachovia offices to leave downtown White Plains

January
15

Wachovia Securities, recently acquired by Wells Fargo & Co., will leave downtown White Plains in May for the Platinum Mile along the I-287 corridor.
Wachovia will move from offices at 10 Bank St. and 360 Hamilton Ave. and consolidate on a 74-acre campus at 1133 Westchester Ave., owned by RPW Group. Wachovia signed a minimum 10-year lease for 26,000 square feet at 1133 Westchester, the commercial brokerage Cushman & Wakefield said.
The deal is the first large office lease to be announced in 2009. RPW President and Chief Executive Robert P. Weisz said about 80 to 100 Wachovia employees are moving. Officials for Wachovia could not be reached for comment.
Weisz said the financial company was drawn by 1133’s amenities, including a conference center, an executive dining room, shuttle service to local train lines, and on-site day care. Provident Bank has signed a lease to open a branch office at the building in March, he added.
“By having it all in one building, it’s more convenient than anything, even in a downtown,” Weisz said.
About 150,000 of the 640,000 square feet at the building are available. Other tenants include ITT Corp., IBM, Starwood Hotels & Resorts Worldwide, and EMC Corp. Asking rent at the building is $35 a square foot, said Glenn Walsh, senior director at Cushman & Wakefield.

Posted by Jerry Gleeson on Thursday, January 15th, 2009 at 6:06 pm |
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Developer plans to build retail center in Cortlandt

September
4

A 36-acre site in the town of Cortlandt opposite Cortlandt Town Center has been sold to a developer who plans to turn the parcel into a mixed-use complex of residences and retail stores.

Westrock Development LLC, based in Yonkers, plans to devote 10 of the acres to retail, creating Cortlandt Crossings, an 85,000-square-foot shopping center with 445 parking spaces and an additional 5,000-square-foot bank site, according to NAI Friedland Realty Inc., the Yonkers-based firm that brokered the sale.

Friedland will also act as leasing agent for the retail spaces. The shopping center, construction for which is expected to start in November 2009 with a planned opening date a year later, will join a mass of other retailers along the section of the Route 6 corridor, including Wal-Mart, Home Depot and Barnes & Noble.

(This posting corrects a previous post that contained incorrect information.)

Posted by David Schepp on Thursday, September 4th, 2008 at 12:13 pm |
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New day care at White Plains office park

June
24

The latest tenant at 1133 Westchester Ave. in White Plains will be welcomed by working parents both in and out of the building.
Children’s Corner Learning Center has leased 10,000 square feet at the office building and officially opens this Monday. The day care center already has signed up about 30 children, and can accommodate 114.
It’s the fifth child care operation in the Lower Hudson Valley that’s been opened by Center Management Associates Inc. of Greenburgh. Managing Director Anthony Ross said his company has two sites in New Rochelle, one in Scarsdale, and a fourth at Blue Hill Plaza in Pearl River. It’s negotiating for another site in White Plains as well, he said.
Child care centers in office buildings aren’t as easy a fit as parents might think. Until about a year and a half ago, the zoning in White Plains didn’t allow for both uses in an office zone. City officials changed the law last year to allow it in special circumstances.
Robert P. Weisz, principal of RPW Group, the owner of 1133 Westchester Ave., welcomed the city’s move in a county where office parks dominate much of the landscape.
“White Plains, in a way, is showing the path to other cities,” he said at an open house Monday at the center.
You don’t have to work at 1133 Westchester Ave. to use the day care center, but it helps. Employees of tenants at the building get a 5 percent discount on rates, Ross said. Rates range from $1,200 to $1,395 a month for 5-day-a-week day care; infants as young as 6 weeks, to preschoolers up to 5 years, are accepted.
The center employs a staff of 22. Key tenants at 1133 Westchester Ave. include Starwood Hotels & Resorts Worldwide Inc. and ITT Corp.

Posted by Jerry Gleeson on Tuesday, June 24th, 2008 at 3:55 pm |
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Taconic Corporate Park has leasing agent

June
3

Taconic Corporate Real Estate Co., owner of Taconic Corporate Park at 2651 Strang Blvd. in Yorktown Heights, has named Cushman & Wakefield as exclusive leasing agent.
The 145,000-square-foot mixed-use building is just over two-thirds vacant. It was built in 1988 on 24 acres near the Taconic State Parkway and Routes 202/35, and features a loading dock and parking. Zoning permits office use, disaster recovery, laboratory and educational, and other uses.

Posted by Jerry Gleeson on Tuesday, June 3rd, 2008 at 4:30 pm |
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Health club operator takes lease in Elmsford

April
23

Town Sports International LLC, which owns and runs health clubs in the Northeast and Mid-Atlantic regions, has signed a lease for 81,686 square feet of office and flex space at 399 Executive Blvd. in Elmsford. The lease is for 10 years, Mack-Cali Realty Corp., the owner of the building, announced.

Posted by Allan Drury on Wednesday, April 23rd, 2008 at 2:59 pm |
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HomeGoods to open first Rockland store

April
17

HomeGoods, a discount home-furnishings retailer, plans to open its first Rockland outlet in Nanuet, according to Metro Commercial, a commercial real-estate firm.

HomeGoods signed a lease to occupy the bulk of the space Office Depot once occupied in the Rockland Center shopping center at Route 59 and Smith Street, said Metro Commercial, which represented the landlord, American Continental Properties, in the transaction.

Plans call for the 25,077-square-foot store to open this summer. HomeGoods is a unit of TJX Cos., which also operates TJMaxx, Marshall’s and other stores.

HomeGoods has three existing Lower Hudson Valley stores, in Yonkers, New Rochelle and Somers.

Posted by David Schepp on Thursday, April 17th, 2008 at 11:52 am |
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Business in the Burbs is our online news blog about businesses based or operating in the Lower Hudson Valley. Visitors here will also find items of interest to consumers in the region. Most contributions are from business reporters and editors covering Westchester, Rockland and Putnam counties.

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