Skip to Content
Author: The BCW

Leave a Comment

A Busy Year for Commercial Sales In Westchester

Westchester’s commercial real estate market had a busy year in 2017, with some record-breaking property sales. According to a database compiled by LoHud.com, the biggest commercial deal of the year was the sale of Westchester One, a 21-story office tower in Downtown White Plains for $138 million. By comparison, the highest residential sale in 2017 was $9.19 million for a residence in North Castle.

The second highest commercial deal of 2017 was Ginsburg Development Companies purchase of The Landing on Mohegan Lake, a 20-acre rental housing community in Yorktown, for $54 million. Right behind that deal was the $53 million sale of the former Westchester Pavilion site at 60 S. Broadway in White Plains to Lennar Corp. Overall, the top ten commercial deals of the year totaled approximately $414 million.

This year has gotten off to a strong start with the Wegmans purchase 108-110 Corporate Park Drive in Harrison for $26.5 million. The company plans to build Westchester’s first Wegman’s on the former office park site.

“We continue to see robust growth and encouraging development across Westchester,” said Marsha Gordon, President and CEO of the Business Council of Westchester. “Developers are seeing the advantages of doing business in Westchester because of the tremendous talent, accessibility and quality of life offered throughout the county.”

Similar News Items

BCW Member Northwell Health is going to be the lead sponsor of the professional soccer team that is going to make its home at Mount Vernon’s Memorial Field, according to an announcement from BCW Member Westchester Soccer Club (WSC), a new USL League One franchise. Northwell has committed to the sponsorship for the club’s inaugural […]

Read Article

BCW Westchester Innovation Network participant Laronix held a showcase Wednesday to demonstrate its MIRA Voice device that uses artificial intelligence to help people with spinal cord injuries, cerebral palsy and other conditions regain the ability to speak clearly. The event at Serendipity Labs in White Plains welcomed medical professionals and others curious about MIRA Voice […]

Read Article

Congratulations to BCW Member Westchester Medical Center Health Network (WMCHealth) on the groundbreaking Wednesday to commemorate the start of construction of the Critical Care Tower at Westchester Medical Center, a $220 million project that will span 162,000 square feet and rise five stories when complete. Located adjacent to Westchester Medical Center’s Main Tower, the Critical […]

Read Article

Become A Member

Join the county’s largest and most influential business organization today.

JOIN NOW!
The Business Council of Westchester is committed to helping businesses market, learn, advocate, and grow. Over 80 events and programs are offered every year, giving our members ample opportunity to connect and meet with businesses representatives in the Westchester community and beyond.
Back to top