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Center sold for $24m.


Ivy Realty realty n. a short form of "real estate." (See: real estate)


REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property.
 announced the sale of Crosswest Office Center, located at 399 Knollwood Road in White Plains, NY. The 138,000-square-foot, 4-story office building sold for $24.7 million to RPW RPW Regulative Principle of Worship
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 Group.

Anthony DiTommaso, Jr., CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Ivy Realty commented, "We're pleased to announce the sale of Crosswest Office Center. This transaction culminates a highly successful value-creation strategy that we put in place with our investment partner on this property.

With several new acquisitions in the pipeline, we anticipate recycling recycling, the process of recovering and reusing waste products—from household use, manufacturing, agriculture, and business—and thereby reducing their burden on the environment.  the proceeds from this sale into new acquisitions in the very near future."

Ivy Realty purchased Crosswest Office Center in December of 1998. Under Ivy's ownership, the facility has reached 97% occupancy, with Metropolitan Life Insurance as lead tenant.
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Article Details
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Title Annotation:Crosswest Office Center
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Jan 19, 2005
Words:119
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