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DEP signs up for 20 years in 50,000 s/f Valhalla space.

In a major lease transaction, the New York City Department of Citywide Administrative Services (DCAS), on behalf of the Department of Environmental Protection (DEP), has signed a new 20-year lease for 50,835 square feet of office space at Sutton Park North.

The 100,000-square-foot office building in Valhalla, NY, is owned and managed by Louis Dreyfus Property Group.

David J. Friedman, northeast regional vice president of Louis Dreyfus Property Group, represented the ownership in the transaction.

Michelle Freeman of CB Richard Ellis represented DEP in the transaction. DEP will maintain the Bureau of Water Supply in the building.

"At DCAS our objective is always to secure quality space at the lowest possible cost to meet the needs of City of New York agencies," stated DCAS Commissioner Martha K. Hirst.

"This is an important DEP site, and I would like to extend my thanks to all who assisted us with this transaction, especially Michelle Freeman and her."

Located on Columbus Avenue in Valhalla, Sutton Park North is a three-story office building with enclosed parking. It is the first of two buildings planned for Sutton Park, a 220,000-square-foot office complex. Louis Dreyfus Property Group has approvals for one additional building for a total of 120,000 square feet on the 30-acre site. Sutton Park North was named "The Office Building of the Year" (TOBY) in 1997 and 1999 by the Building Owners and Managers Association of Westchester County.
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Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Nov 19, 2003
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