Dot.com Ceases Operations But Won't Surrender HQ Space

WorldSpy.com has been one of the emerging new economy companies in Westchester County for the past few years, but on June 3 it ceased operations. Although one might assume this would bring a large block of office space to market, it turns out an affiliated company intends to retain WorldSpy’s presence at its HQ here.

WorldSpy has been a shining example of the explosive growth such firms can undergo in a short time. The company opened at the Ardsley Park Science and Technology Center (the former Ciba-Geigy headquarters) in early 1998 in approximately 4,000 sf. It eventually expanded to 8,000 sf, according to Glenn P. Walsh, senior managing director/Connecticut/Westchester office for Newmark & Co. Real Estate Inc. In October 1999, it signed one of the largest lease deal of the year when it relocated to 30,000 sf of space at 120 Bloomingdale Rd. here.