Kevin Foley, senior managing director of Cushman & Wakefield, says the company will bring approximately 425 workers to the 900 King St. office building from offices in White Plains, NY, and Stamford, CT. Cadbury Schweppes signed a lease for 135,000 sf of space at the former IBM property last month. The deal closed on Dec. 23. Foley along with Paul Kauffman, Steve Baker and Maureen O'Boyle represented Cadbury Schweppes in the lease deal. In addition, Dennis Irwin and Jim Southerland of Cushman & Wakefield's Transaction Consulting Group in New York City also worked on the deal. Christopher O'Callaghan, a principal of McCarthy O'Callaghan Co. of White Plains, represented the building ownership--Rye King Associates LLC, a joint venture of Wafra Investment and Brickman Associates of New York City.

Cadbury Schweppes is combining Snapple Beverage Group Inc., which is based at 709 Westchester Ave. in White Plains and Mott's Inc., which is currently headquartered at Six High Ridge Park in Stamford to form Cadbury Schweppes Americas Beverages.

Foley says that the ownership of High Ridge Park offered a competitive package to try and retain Cadbury at its Stamford property. However, lower internal operational costs, and a more efficient floor plate that would more easily accommodate the merged companies helped tip the scales in favor of the Rye Brook property.