Printer Friendly

ABR completes lease buyout.

A complicated lease buyout for 72,000 square feet of prime office space was negotiated by the Westchester/ Fairfield office of Abrams Benisch Riker, Inc./Colliers (ABR) at the Christiana Building at 120 White Plains Road in Tarrytown.

ABR served as a consultant to Lazmo, the British conglomerate that acquired and absorbed the former tenant, the American Ultramar Corporation, in December 1991. Negotiations were prolonged and complicated by the bankruptcy of the building owner, which precipitated the Mitsubishi Bank to foreclose on the property.

The successful buyout negotiations made the space available for a new tenant, The Dannon Company, which then was able to sign a lease for 40,000 square feet of space, with an expected move-in later this year.

Sol Krevlin and Gerald T. Rhine of ABR acted as consultants on behalf of Lazmo in this complicated leasing transaction.
COPYRIGHT 1993 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Abrams Benisch Riker Inc. negotiates lease buyout for Christiana Building at 120 White Plains Road, Tarrytown, New York
Publication:Real Estate Weekly
Date:Sep 1, 1993
Previous Article:Crossland Federal Bank sells out Pinnacle units.
Next Article:350 W. 55th Street sold.

Related Articles
2 firms relocate to 300 Park.
Restructuring at ABR.
Abrams Benisch completes $1.6M sublease on Park.
Abrams Benisch opens in CT.
Service firm's strategy now in vogue.
ABR expands management.
Connecticut gets sports care facility.
W.R. Grace assignment completed.
ABR gets New Rochelle exclusive.
Agents. (Real Estate: On the Scene).

Terms of use | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters