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New England Real Investment Partners bought the property last November for $23 million.
The buyer, Merion Realty Partners, is focused on suburban markets focused in the Southeast, Mid-Atlantic and Northeast regions.
Tenants at the 412,231-square-foot office park include the world headquarters of Booking Holdings and its Priceline subsidiary, Hitachi Capital America Corp., Remedy Partners and Omega Engineering.
The industry is being reshaped by the rise of delivery-only restaurants, also known as ghost kitchens.
Thomson Reuters will be joining WWE, KPMG and Perkins Eastman at the 12-acre, 700,000-square foot property.
The property dates back to the 1860s.
CBRE has been selected by Bunge Ltd., the global supplier of agricultural commodities, to be the exclusive agent handling the subleasing of its space...
The largest transaction for the quarter was ASML’s lease on 98,907 square feet of office space at 50 Danbury Road in Wilton.
Average asking rents in Westchester during the third quarter of 2019 dipped slightly from the same period last year; the drop of 3.7% was due to comparatively expensive space previously having been leased or otherwise removed from the market this year, according to CBRE.
"Customers will always try to find cheaper replacements if and when a recession hits," said Kelly Campbell at Agency Growth Consultant LLC in Nyack.
“While many institutional investors have followed the crowds toward multifamily and industrial offerings, attractive opportunities to purchase stable, generational retail assets have been prevalent,” says the realtor's David Gavin.