Content area
Full Text
RPW Group has expanded its considerable Westchester Avenue office portfolio with a $14.75 million purchase of 925-1025 Westchester Avenue, two buildings totaling 192,711 square feet in White Plains.
The deal was announced May 29 by CBRE Group Inc, which represented the seller and procured the buyer.
While CBRE declined to disclose the seller, the buildings were previously part of Normandy Real Estate Partners LLC Westchester office park portfolio, branded as The Exchange.
"These are two great buildings that complement our portfolio," said Robert Weisz, CEO of the Rye Brookbased RPW Group. "We have approximately 3 million square feet in Westchester, especially on the east side of the county and we felt this was a great opportunity to add more square footage."
RPW Group is the largest private holder of office space in the county. Its portfolio includes 1133 Westchester Ave and 800 Westchester Ave., two former corporate office buildings totaling more than a million square feet that Weisz bought and converted to multitenant properties.
While the company has made a couple...