Wachovia, MacSteel Intl. pen deals on Westchester Ave.

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Brokers in the deal said Wachovia considered several locations in Westchester County and ultimately selected 1133 Westchester Ave. because of the building”™s recent renovations, its large and efficient floor plates, on-site and area amenities and proximity to area highways and the Metro-North Railroad.

 

Developer Robert P. Weisz, president of the 30-year-old RPW Group, in 2006 paid $76 million for the building and 74-acre office campus beside I-287. He has since invested about $20 million in improvements, adding the largest glass atrium lobby in the region and a range of amenities that include an executive dining room, bank branch, hair salon, child day care center and fitness center. Weisz last fall announced plans to break ground this year on a 280,000-square-foot, four-story, $75 million office building on the property.

 

 

Pamela Walsh said Wachovia”™s pending new location is “one of the finest office properties in Westchester County and the firm is very excited about the move. RPW Group went out of its way to conclude the transaction in a timely manner.”

 

 

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At 333 Westchester Ave. in White Plains, MacSteel International USA Corp., one of the steel industry”™s leading service providers, has signed a long-term renewal for approximately 10,000 square feet of office space in the former General Foods headquarters complex.

 

MacSteel International was represented in the leasing transaction by Craig Ruoff and Rick Rakow of Rakow Commercial Realty Group Inc. in White Plains. The owner of the 39-acre property, Manhattan-based Cohen Brothers Realty Corp., was represented by Fran Delgorio, its senior vice president of leasing and marketing.

 

The lease renewal follows the relocation last fall of the headquarters of Amalgamated Life Insurance, a division of Alico Services Corp., from Manhattan to a 132,000-square-foot space at 333 Westchester.  Endurance Reinsurance Corp./Endurance U.S. Holdings last fall expanded to more than 44,000 square feet in the four-building corporate park.

About 150,000 square feet of space is currently available for direct lease there.