Faros Properties, in partnership with Caspi Development, has appointed Gregory V. Frisoli and Lawrence (Larry) A. Ruggieri of Newmark Grubb Knight Frank as the exclusive leasing agents for their 145,000 s/f 120 Bloomingdale Road office complex in White Plains. Faros and Caspi acquired the 6-acre, four-story former Nestle headquarters building in late 2012.
As the exclusive leasing agents for the property, Frisoli and Ruggieri bring a combined 34 years of experience in the Westchester County commercial real estate market. Each have negotiated some of the area’s largest leases and building sales, together totaling more than 17 million square feet with a 90 percent tenant occupancy rating.
“We are extremely pleased to have Greg and Larry represent this property,” said Alexander Leventhal, Managing Partner, Faros Properties. “Both the Faros team and the team of Caspi Development feel that their decades of experience and stellar reputation in the marketplace complement our collective firms and speak to the level of quality that we envision for the future of 120 Bloomingdale Road.”
The Bloomingdale Road retail corridor boasts a variety tenants, including Bloomingdales, Nordstrom, Neiman Marcus, Crate & Barrel and Raymour & Flannigan, as well as dining options such as Morton’s Steakhouse, The Cheesecake Factory, and Whole Foods.
Faros Properties and Caspi Development will oversee luxury interior and exterior improvements to the property, scheduled to commence within the year.
