Reckson Associates Begins Review of Rye Brook Office Project

TARRYTOWN, NY-Reckson Associates Realty Corp., after having successfully repositioned one of the largest and historically most troubled properties in Westchester, is now setting its sights on building new office space in Rye Brook.

Salvatore Campofranco, senior vice president and managing director of the Westchester Division of the Melville, NY-based REIT, says that strong leasing activity this year has propelled its Reckson Metro Center development at 360 Hamilton Ave. in downtown White Plains to approximately 88% leased.

The company pumped in $15 million in construction costs to upgrade and reposition the former IBM building that sat vacant for more than a decade. Campofranco boasted that in less than a year, more than 300,000 sf of leasing activity has taken place at the high-rise property that totals 380,000 sf.