Search
 

Investment Fund Acquires Hartsdale Office Building

STAMFORD-RiverOak Investment Corp., a recently formed real estate investment fund, has purchased its first property, 200 Central Ave., in Hartsdale, NY, for $4.8 million.

By John Jordan | Updated on October 03, 2000

STAMFORD-The recently formed real estate investment fund RiverOak Investment Corp., headquartered here, has spent $4.8 million to acquire an award-winning property that was converted some years back from a school into an office building. The 45,285-sf property at 200 Central Park Ave. in Hartsdale, NY includes the building and four acres of land, which was purchased by RiverOak in partnership with Allegiance Capital Partners of New York City.

The three-story office building was built in 1938 as the Webb school, and converted for office use in 1986 with a $4-million renovation. The property won the “Historical Building of the Year” award of the Building Owners and Managers Association in 1987.

Allegiance Capital Partners of New York City will be handling day-to-day responsibilities at the property. Newmark and Co. Real Estate has been retained as the exclusive leasing agent.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.