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RPW Group Acquires 244 Westchester Ave. for $13.6M

WHITE PLAINS-Westchester developer RPW Group has increased its office holdings along Westchester Ave., dubbed the county's "Platinum Mile," with the acquisition of 244 Westchester Ave. for $13.6 million.

By John Jordan | Updated on September 30, 2002

WHITE PLAINS-RPW Group has concluded its second office acquisition in the Westchester-Fairfield market in the last month with the purchase of 244 Westchester Ave. for $13.6 million.

The deal was reported by Cushman & Wakefield of Connecticut, which acted as sole broker in the deal. Glenn Walsh, Patrick Colwell and George Lambros worked on the transaction and also placed the financing for the buyer with JPMorgan Chase. The seller was Ivy Equities.

C&W’s Walsh related that RPW Group acquired the 85,000-sf, multi-tenanted building to augment its adjoining property, Harrison Court, a 57,188-sf medical office property at 222 Westchester Ave., which RPW Group purchased about a year ago.

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