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Texas-Based Interra Capital Snaps Up White Plains Offices
CBRE closed the sale of 1311 Mamaroneck Ave., a 323,431-square-foot office property in White Plains, NY. The team of Jeffrey Dunne, Steve Bardsley, and Travis Langer, in conjunction with Patrick Arangio, Jack Howard, and Kurt Altvater of CBRE’s National Loan & Portfolio Sale Advisors, represented the seller and procured the buyer, Texas-based Interra Capital Group.
Situated on approximately 21 acres, 1311 Mamaroneck Avenue is 53% leased and adjacent to Exit 13 off the Hutchinson River Parkway. The size of the property provides Interra an immediate office platform with significant upside by leasing the well positioned vacant space.
“The offering represented a unique opportunity to purchase a premier office complex with a large site directly off the Hutchinson River Parkway, one of Westchester County’s major thoroughfares,” said Dunne. “With corporate neighbors nearby, such as Mastercard, Quest Diagnostics, and Gannet, this Westchester location offers an attractive business environment for discerning tenants.”
- ◦Sale/Acquisition
