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Argent Mortgage in Talks to Significantly Expand Lease

WHITE PLAINS, NY-Argent Mortgage is in negotiations with the ownership of 333 Westchester Ave. to significantly expand its recent lease of 118,000 sf at the former Kraft General Foods property, GlobeSt.com has learned.

By John Jordan | Updated on July 15, 2003

WHITE PLAINS, NY-Officials with Colliers ABR Inc., confirm reports in the area’s commercial brokerage community that Argent Mortgage plans to expand its lease commitment at the former Kraft General Foods property here.

“We are talking about a significant expansion of Argent Mortgage’s lease commitment,” says Stephen J. Riker, vice chairman of Colliers ABR, the exclusive leasing agent at 333 Westchester Ave.

Riker would not say just how much additional space Argent was looking to lease at the 600,000-sf complex. Sources in the commercial brokerage trades in Westchester County say that the expansion could amount to up to 75,000 sf. Riker would not comment on those reports, saying that talks are still being held between the ownership (Cohen Brothers Realty Corp. of New York City) and Argent, a subsidiary of Ameriquest Mortgage Company.

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