White Plains office center fetches $25M.Cushman & Wakefield announced the completion of the $24.7 million sale of the Crosswest Office Center/399 Knollwood Road in White Plains. Cushman & Wakefield represented the seller, Ivy Equities and procured the purchaser, 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. Cushman & Wakefield Metropolitan Area Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. Group specialists George Lambros III, Patrick R. Colwell and H. Gary Grabriel teamed with Cushman & Wakefield leasing specialist Glenn Walsh, in marketing the property and procured the purchaser. "The offering attracted multiple offers from regional and local investors ranging from institutions to individuals" said Gabriel. Crosswest Office Center, a four-story, 143,815 s/f building, is 96% occupied. There are approximately 45 tenants ranging from 1,000 to 12,000 square feet. The property, constructed in 1985, is ideally located at the intersection of Knollwood Road (Route 100 A) and exit 4 of Interstate in·ter·state adj. Involving, existing between, or connecting two or more states. n. One of a system of highways extending between the major cities of the 48 contiguous United States. Noun 1. 287. "Crosswest Office Center offers the investor a highly attractive combination of location, quality, stable proven income, and long term investment value," said Mr. Colwell. "80% of its tenants have been in occupancy for more than 10 years, proving the property's tenant appeal," said Walsh. "The commercial real estate investment market in Westchester continues to be driven on a sub-market and asset specific basis with investors looking to acquire well-positioned stabilized sta·bi·lize v. sta·bi·lized, sta·bi·liz·ing, sta·bi·liz·es v.tr. 1. To make stable or steadfast. 2. and added value Added value in financial analysis of shares is to be distinguished from value added. Used as a measure of shareholder value, calculated using the formula:
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 Metropolitan market," said Mr. Lambros. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion