Three major Westchester office properties with nearly 600,00 square feet in total within the Elmsford-Tarrytown business corridor will have a new owner.
The properties in the lower Hudson Valley are:
- Two six-story buildings at 555 and 565 Taxter Road in Taxter Corporate Park in Elmsford with 344,563 square feet.
- One building at 570 Taxter Road in Elmsford with 77,859 square feet
- Two buildings at 200 and 220 White Plains Road in Talleyrand Office Park in Tarrytown with 175,749 square feet.
This is part of total property transfer deal consisting of 12 sites in northern New Jersey, New York and Connecticut in selling 2.3 million square feet for approximately $230.8 million. The transaction is the fifth deal between Keystone and Mack-Cali which is described as part of Keystone’s strategy to expand its regional holdings.
“This latest deal reflects our aggressive strategy to establish a strong, regional presence by expanding our focus on the creation of differentiated, urban-inspired live-work-play destinations in the context of well-located suburban parks,” Bill Glazer, President of Keystone Property Group, said in a press release.
Added Glazer: “We continue to expand our relationship with Mack-Cali, leveraging the strengths of the partnership’s distinct capabilities to fill a void in the market for next generation work environments that enable tenants to attract and retain top talent.”
(Shown above is Taxter Corporate Park building)