Wednesday, April 13, 2011

HFF closes sale of Class A office property in Westchester County, New York for more than $30 million

NEW YORK, NY –HFF announced that it has closed the sale of The International Corporate Center at Rye (top left photo) a 170,973-square-foot, Class A office property in Rye, New York.

HFF’s investment sales team marketed the property on behalf of the seller, The Gateside Corporation.  Faros Properties and Gould & Company purchased The International Corporate Center at Rye for more than $30 million and assumed existing debt on the property.

Located at 555 Theodore Fremd Avenue in Rye, The International Corporate Center at Rye has immediate access to Interstate 95 and is close to Interstate 287 as well as the Metro North commuter rail stations in Harrison and Rye.

The 17.1-acre site features three interconnected buildings anchored by a five-story glass rotunda lobby.  Tenants at the property include Bank of Tokyo-Mitsubishi, Mitsubishi Imaging and Greenbriar Equity Group.  The property also offers an on-site cafeteria, fitness center, conference facilities and tenant storage. 

The HFF team representing The Gateside Corporation included senior managing directors Andrew Scandalios (middle right photo) and Jose Cruz  and directors Jeffrey Julien and Kevin O’Hearn.

Andrew Scandalios, HFF Senior Managing Director, (212) 245-2425, 
Jose Cruz, HFF Senior Managing Director, (973) 549-2000,
 Kristen Murphy, HFF Associate Director, Marketing,  (713) 852-3500,

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