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Leases boost occupancy to 91% for Westchester firm.

Over the last 12 months Halpern Enterprises has signed 261,034 square feet in new leases and renewals at The Tarrytown Corporate Center and in downtown White Plains. The total includes 135,839 square feet of new leases and 125,195 square feet in lease renewals. More importantly, the leasing activity raised the overall occupancy level for the company's properties from 79 percent to 91 percent.

Among the major new tenants signed in recent months by Halpern are: * Chicago Title, 19,285 square feet at 235-245 Main Street in White Plains * Digital Equipment, 19,159 square feet at 660 White Plains Road, Tarrytown * American Booksellers, 11,350 square feet at 560 White Plains Road in The Tarrytown Corporate Center

Among the major renewals are: * Home Insurance, 12,200 square feet, and IRM Insurance, both at 660 White Plains Road in the Tarrytown Corporate Center. "We have really turned a major corner since this time a year ago," says Halpern. He offered three buildings as examples.

One year ago: * 560 White Plains Road, Tarrytown, a 130,000-square-foot building faced becoming completely empty due to downsizing and leases that were to expire * 660 White Plains Road, a 265,000 - square-foot building, was nearly 40 percent vacant due to consolidations * 245 Main Street, White Plains, a six-story, 75,000 square-foot building, was left with five empty floors following an AT&T corporate consolidation.
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Title Annotation:Westchester County, New York
Publication:Real Estate Weekly
Date:Mar 11, 1992
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