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Heitman Sells Whole Foods-Anchored Chappaqua Crossing to Barings
Jeffrey Dunne, David Gavin and Travis Langer of CBRE’s National Retail Partners represented Heitman in the sale of Chappaqua Crossing in Chappaqua, NY for $76.5 million. The team also procured the buyer, Barings, LLC.
Anchored by Whole Foods, Life Time Fitness, Starbucks and Chase Bank, Chappaqua Crossing is situated between the Saw Mill Parkway and Route 117 in an affluent and high-barrier-to-entry market in northern Westchester County. The center, which took more than 12 years for approvals and construction, is part of the redevelopment of the former Reader’s Digest headquarters. The mixed-use development encompasses 114 acres and also includes more than 500,000 square feet of medical/office space, 64 apartments and 91 luxury townhomes recently completed by Toll Brothers.
Dunne said, “The sale of Chappaqua Crossing represented a unique opportunity to purchase a Whole Foods-anchored center in an incredibly high barriers-to-entry Westchester County market.”
- ◦Sale/Acquisition
