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Two-Building White Plains Office Sells to RPW
CBRE has arranged the $14.75-million sale of 925-1025 Westchester Ave., an office property in White Plains, NY, to RPW Group. The 192,711-square-foot, two-building office complex is currently 65% leased.
The CBRE team of Jeffrey Dunne, Steven Bardsley and Stuart MacKenzie of CBRE’s Institutional Properties Group, in collaboration with Brian Carcaterra of CBRE’s Advisory & Transaction Services Group and Ten-X, represented the undisclosed seller. CBRE also procured the buyer.
“The landscape of the Westchester Avenue and Interstate 287 corridor is shifting, especially as new retailers like Wegmans and Life Time fitness enter the market and offer new amenities for the community,” said Dunne. “This shift is creating a tightened office market, and should bode well for RPW in attracting new tenants and leasing up the remaining vacancies at 925-1025 Westchester Ave.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
