Search
 

Morgan Stanley to Buy 725,000-SF Former Texaco HQ

HARRISON, NY-Morgan Stanley has beaten a number of other interested bidders and has reached a preliminary agreement to acquire the former Texaco world headquarters building here.

By John Jordan | Updated on January 28, 2002

HARRISON, NY-In what could be a blockbuster deal for Westchester County’s image nationwide, Morgan Stanley has reached a preliminary agreement to purchase the former Texaco world headquarters here.

The deal between Morgan Stanley and ChevronTexaco for the 725,000-sf building at 2000 Westchester Ave., which sits on 107 acres near the Harrison/White Plains border, still must be finalized.

Financial details of the proposed transaction were not released. A bidding process was held for interested parties on the property. Real estate sources said that Reckson Realty Associates was one of the companies that had entered the fray for the asset, which was built in 1977.

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.