WHITE PLAINS—Beacon Capital Partners has sold the largest commercial office building in White Plains—Westchester One—to an affiliate of New York City-based Argent Ventures, which has retained brokerage firm Cushman & Wakefield to lease and manage the property, Globest.com has learned.
Westchester One, located at 44 South Broadway, totals 906,689 square feet and is currently 88% leased. The property is set to undergo a major capital improvement and leasing program under the new ownership, according to C&W.
The buyer of the property is 44 South Broadway Owner, LLC, an affiliate of Argent Ventures. A published report in Commercial Real Estate Direct states that Argent acquired the 21-story office building for $126.2 million. Globest.com could not confirm the sale price at deadline. Beacon Capital acquired the property in 2006 for $181.5 million. The building also features an 1,800-car parking garage.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
