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White Plains success story.


In one of the most remarkable real estate turnarounds in recent memory, 333 Westchester Avenue in White Plains, which a year ago was 85% vacant, is today 85% leased up.

Developer Charles S. Cohen cohen
 or kohen

(Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male.
, who turned a "tired" single-user headquarters complex for General Foods into a vibrant multi-tenant corporate campus now regarded as one of Westchester's premier office parks, reports that approximately 100,000 square feet of space is currently available for lease.

According to Stephen J. Riker, Vice Chairman of Colliers ABR (1) (AutoBaud Rate detect) The analysis of the first characters of a message to determine its transmission speed and number of start and stop bits.

(2) (Available Bit R
, Inc., exclusive leasing agent for the property, only a 40,000 square foot full floor and a number of units ranging from 2,000 to 16,000 square feet, are all that remain untenanted at the amenity-laden development.

"Once our renovation was totally completed, including our four new lobbies, tenants were finally able to see our finished product, and ,obviously they liked what they saw, asserted Mr. Cohen.

Interestingly, another key to 333 Westchester Avenue's accelerated lease-up, has been the growing space requirements of its existing tenants.

Recently, Ameriquest's Argent Mortgage Company leased an additional 91,728 square feet, bringing its total footage to nearly 210,000 square feet. Similarly, Endurance US Holding Corp. has grown from approximately 22,000 square feet to nearly double that figure and UDS UDS Ustedes (Spanish: Formal Plural You)
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 is planning to expand as well.

Special on-site amenities at 333 Westchester Avenue include a 15,000 square foot freestanding state-of-the-art fitness center with exercise equipment, personal trainers and a half-basketball court; over 2,000 parking spaces; a lavish 20,000 square foot cafeteria with private dining rooms operated by FLIK International, and a conference center with meeting space for 200.

Other tenants at 333 Westchester Avenue include Allied Irish Banks Allied Irish Banks, p.l.c. (AIB) (Irish: Bainc-Aontas Éireann),ISEQ: ALBK, LSE: ALBK, NYSE: AIB, FWB: AIB is a commercial bank based in Ireland not to be mistaken for Anglo Irish Bank. AIB is one of the so called Big Four commercial banks in Ireland. : Moviefone, an America Online media company; MACSTEEL ASOMA, a steel trading company; Endurance Specialty Holdings, a Bermuda-based reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract.  company: Fredman & Rosan, a lab firm; Rosenfeld & Tortu, a benefits consulting firm; Merit Direct, a marketing company: and Stone, Russo & Lassaro, a CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000.  firm.

Convenient to Westchester's fine transportation network, the site is an easy 30-minute drive into mid-town Manhattan, within minutes of Westchester County Airport “HPN” redirects here. For the English railway station, see Hapton railway station.

Westchester County Airport (IATA: HPN, ICAO: KHPN, FAA LID: HPN) is a public airport located in the town of Harrison, New York in Westchester County.
 and world-class shopping in downtown White Plains.

Mr. Cohen, President and 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 Manhattan-based Cohen Brothers Realty Corporation, heads a multi-faceted real estate development company that owns and manages over eleven million square feet of prime Manhattan, West Side Los Angeles and Houston commercial space. The firm has been active for over 40 years in real estate investment, ownership, management, and development.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Publication:Real Estate Weekly
Geographic Code:1U2NY
Date:Dec 3, 2003
Words:409
Previous Article:LI big-box center sold.(Voice Road Plaza )(Brief Article)
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