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The Rye-based national operator of coworking space announced Tuesday that it will lease 20,000 square feet in the 21-story building and invest about $2 million to build out a two-story coworking lab on the lower floors.
With plans for a multimillion-dollar renovation, the tower's leasing team says the building will remain among the county’s premier office addresses.
New York Life Insurance Co., which employs about 600 people in downtown White Plains, added student loan assistance to its list of employee benefits last fall.
The 21-story, 41-year-old office building sold for $34.5 million below Beacon Capital's purchase price in 2006.
The recent deal marks the second major real estate purchase in two years by the rapidly expanding biotechnology company.