Cadbury completes 135,000 s/f Westchester lease.In one of the most significant and long-anticipated lease transactions for Westchester County, Cushman & Wakefield announced that Cadbury Schweppes Cadbury Schweppes plc is a confectionery and beverage company with its headquarters in Berkeley Square, London, England, UK. Cadbury Schweppes is currently the only major international confectionery manufacturer to produce Fairtrade or organic products, which it sells through its plc has signed a 10-year lease to occupy about 135,000 square feet at 900 King Street in Rye Brook. The company is targeting an April 1, 2004 move in date. Cadbury Schweppes will combine two of its American beverage subsidiaries, Snapple Beverage Corp., which is located at 709 Westchester Ave. in White Plains, and Mott's LLP LLP - Lower Layer Protocol ., currently located at Six High Ridge Park in Stamford, CT., into 900 King Street. Approximately 400 employees will work at the 900 King Street location. Westchester County will retain approximately 200 workers from Snapple, while the Motts division will relocate the balance of employees from Stamford. Snapple and Mott's will occupy the entire second floor of 900 King St, along with 37,000 square feet of space on the first floor. Kevin Foley
Kevin Foley, Australian politician, is the current Deputy Premier of South Australia, serving under Premier Mike Rann. Foley is a member of the Australian Labor Party. , senior director, of Cushman & Wakefield led the Cadbury Schweppes leasing team that included Paul Kauffman, executive director, Steve Baker Steve Baker (born September 8, 1978 in Pontefract, West Yorkshire) is an English professional footballer who is a defender and currently plays for Gateshead. Baker has played for a number of clubs including Middlesbrough, Huddersfield Town, Darlington, Hartlepool and , senior director, and Maureen O'Boyle, senior director, as well as Dennis Irvin and Jim Southard of Cushman & Wakefield's Transaction Consulting Group. The team conducted an extensive nine-month search for the best-suited location. "The relocation to 900 King Street allowed Cadbury Schweppes to meet its operational objectives in the consolidation of the Motts and Snapple headquarters," said Mr. Foley. "900 King Street is also well located for the commutation of both Snapple and Mott's employees." The 900 King Street facility, which formerly housed IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , has been vacant since 1991. The 207,000 square foot building is situated in close proximity to the New York/ Connecticut states border. The property is owned by Rye King Associates LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , c/o WaFra Investments and Brickman Associates of New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . "Cadbury Schweppes is excited to occupy the building, which will be completely retrofitted and designed for long term efficiency and productivity," added Mr. Foley. Christopher O'Callaghan, Partner of McCarthy O'Callaghan Company of White Plains, NY and leasing agent for the landlord, 900 King Street Associates, noted, "Retaining a strong, well-known company like Cadbury Schweppes is a great achievement for Westchester County. It is a transaction that required the cooperation of state and county government officials as well as representatives of Snapple and Mott's and the Landlord." O'Callaghan continued, "Cadbury Schweppes was impressed with 900 King Street's tremendous location and first class amenity package. We will aggressively market these impressive benefits to another firm or firms to lease the remaining 66,000 square feet of office space available." "Ownership is fully committed to the success of this investment," commented Lesley Lisser, asset manager, who represents Wafra Investment Advisory Group. 900 King Street has been jointly owned by Wafra, a real estate investment advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and , and Brickman Associates, a Manhattan based real estate development company, since 1999. Wafra has 10 million square feet under management and is headed by Frank Lively and Ed Ryan. Cadbury Schweppes is eligible to receive funds in the form of sales tax sales tax, levy on the sale of goods or services, generally calculated as a percentage of the selling price, and sometimes called a purchase tax. It is usually collected in the form of an extra charge by the retailer, who remits the tax to the government. exemptions and grants from the State of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and Westchester County. Cadbury Schweppes plc is the third largest softdrink maker in the world and also owns Dr Pepper/ 7UP. Cadbury Schweppes bought Snapple from the Triarc companies in October 2000. The Cadbury Schweppes transaction is an exceptional ending for a stellar year of leasing in Westchester County. The company follows the likes of New York Life Insurance, Argent ar·gent n. 1. Heraldry The metal silver, represented by the color white. 2. Archaic Silver or something resembling it. Mortgage Company, and Morgan Stanley, who all made major lease or building acquisitions in the county in the last year. |
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