BREWSTER, NY—CBRE Group's Westchester/Fairfield County office has inked a deal to sell 39 Mount Ebo Road South, a 93,000 square-foot industrial property located in Brewster, about 30 minutes north of White Plains.
CBRE represented the seller, IndCor Properties, which had acquired the property as part of a portfolio acquisition with Watson Pharmaceuticals as the tenant. Given Watson's plans to vacate the property, IndCor retained CBRE, Inc. in advance to line up a buyer.
Kevin Langtry—a vice president in CBRE's Stamford, CT office—represented the seller, a Chicago-based REIT that owns and operates a portfolio of wholly owned industrial properties in locations throughout the United States. The Watchtower Bible and Tract Society of New York, Inc. bought the property for $6.1 million.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 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.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
