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Deals & Dealmakers

CBRE leases 72,000 s/f for Senlac Ridge Partners in Westchester

CBRE has arranged new leases and renewals totaling 72,257 s/f on behalf of Senlac Ridge Partners’ seven-building, 970,476 sq. ft. portfolio of Westchester office properties in White Plains and Purchase, NY.

The CBRE team of Michael McCall, Sheera Riemer and Brian Carcaterra exclusively marketed the properties, which include 701, 707, 709, 711 and 777 Westchester Avenue in White Plains and 2500 and 2700 Westchester Avenue in Purchase. 

“Leasing has been extremely active throughout Senlac’s Westchester portfolio this year, with more than 20 new leases and renewals signed through the end of the third quarter,” said McCall. “County-wide leasing activity is up more than nine percent over the same period last year, and Westchester’s CBD centered in White Plains saw a jump of more than 14 percent in leasing from the second to third quarters.” 

In White Plains, The Exchange five-building campus, has registered four of the top five new leases signed.

At 707 Westchester Avenue, health care service provider Unlimited Care signed a new lease for 9,811 s/f; Source Power, a solar energy provider, leased a new deal for 4,958 s/f; and the law firm of Rosenbaum & Taylor P.C. signed a new commitment for 3,690 s/f. Trivium Point Advisory, a tax management and business consulting firm, also signed a new lease for 3,638 s/f at 711 Westchester Avenue at the Exchange at Westchester.

In Purchase, NY, Cognition Therapeutics, a clinical stage neuroscience drug developer, joined the tenant roster at 2500 Westchester Avenue, signing a new commitment for 2,864 s/f

The Exchange Portfolio originally consisted of 14 buildings comprising nearly 1.6 million s/f of commercial space. Over time the less desirable office space was re-zoned to facilitate mixed-use redevelopment which now includes the iconic Wegmans Supermarket and The Carraway, a Toll Brothers development.

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