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Marissa Brett, Executive Director of Economic Development for the Westchester County Association, announced today that HistoGenetics, a biotechnology company which specializes in molecular tissue typing services, has purchased a 118,000 square foot building in White Plains, where it plans to develop a major research and development facility...
|104 Corporate Park Drive|
The “all cash” deal on 104 Corporate Park Drive, a Class “A” office building, closed on December 28, 2011 and was the largest office sale in 2011 for a relocation / expansion in Westchester County. New York Commercial Realty Group closed on December 28 and was the largest office sale in 2011 for a relocation / expansion in Westchester County.
New York Commercial Realty Group represented the buyer Cerlee LLC and the CBRE team of William V. Cuddy, Jr. and Timothy Donohue represented the seller GLIC Real Estate Holding, LLC. Terms of the deal were not disclosed.
"HistoGenetics, currently located in Ossining, is not only committed to furthering state-of-the-art biotechnology, it is committed to Westchester County's future as well,” said Brett. “We anticipate that the project will add more jobs in biotech, as well as hundreds in construction. This is a feather in Westchester’s cap."
Commenting on the transaction, Cuddy said: "The Blueprint for Westchester calls for the adaptive re-use of Westchester's older office stock, so the sale of 104 Corporate Park Drive to HistoGenetics and the building’s repurposing for research and development, will create more jobs and be a welcome addition to our growing biotech cluster. All are in perfect alignment with our county's needs and goals." Cuddy is Chairman of The Blueprint for Westchester, the major economic development initiative spearheaded by the Westchester County Association.