RPW to buy 600,000 s/f Kraft HQ.Commercial real estate developer RPW RPW Regulative Principle of Worship RPW Real Pro Wrestling RPW Random Plane Wave RPW Recorder Players West (Los Angeles, California) RPW Random Packet Win (throughput scheme) RPW Rugged Pentium Workstation Group has entered into contract to purchase the former headquarters of Kraft Foods Kraft Foods Inc. (NYSE: KFT) is the largest food and beverage company headquartered in North America and the second largest in the world after Nestlé SA. The Philip Morris Company (now known as Altria Group), a company that produces tobacco products, acquired Kraft for International in Rye Brook, presently owned by Altria Group “Philip Morris” redirects here. For the racecar driver, see Philip Morris (autoracer). Altria Group, Inc. (NYSE: MO) (previously named Philip Morris Companies Inc. . The sale of the 582,000 s/f 54-acre landmark property is expected to close in two to three months and be ready for occupancy within a year. RPW President Robert P. Weisz estimates the total cost of the project at $60 million to $75 million, which includes acquisition and renovation of the property. The actual sale price has not been disclosed. Located at 800 Westchester Avenue, the striking complex features 523,000 s/f of rentable space in the main building. The property also has a smaller office building comprised of approximately 59,000 s/f. The property will be one of the few in Westchester County that can accommodate tenants with space needs upwards of 100,000 s/f and the only one able to accommodate tenants with requirements of 200,000 s/f or more. RPW Group will reach out to firms considering possible relocations from Manhattan, as well as from within the County and surrounding area. "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. tenants now have an option in the market that did not exist before. By far, this is the finest quality office space in an ideal location, "said Mr. Weisz. "With floorplates ranging in size from 50,000 to 130,000 s/f, 800 Westchester Avenue offers the most efficient layout available in Westchester County." RPW Group plans to convert the interior of the main building into upscale offices for multiple tenants. The main building's exterior will remain intact. RPW Group has not yet appointed a leasing agent but expects to make a selection within the next several weeks. The property was put up for sale in January after Altria announced a restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). that would move approximately 1,000 employees from Kraft Foods International, Philip Morris International Philip Morris International, (PMI) based in Lausanne, Switzerland, held a 15.5% share of the international cigarette market in 2005. Its brands, led by Marlboro and L&M, are sold in over 160 countries around the world. and Altria Corporate Services Activities that combine or consolidate certain enterprise-wide needed support services, provided based on specialized knowledge, best practices, and technology to serve internal (and sometimes external) customers and business partners. divisions to other company sites. RPW Group will be provided with a package form the Westchester County Industrial Development Agency that would provide an estimated $4.5 million in tax breaks for the company. |
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