White Plains office complex leases over 23,600 square feet to new tenants
Three prestigious law firms – including Cabanillas & Associates, P.C., Fentin and Goldman, LLP, and the Law Offices of Joseph R. Miano – have leased over 23,600 square feet of space at 120 Bloomingdale Road in White Plains, the 145,000-square-foot office complex and former Nestlé headquarters acquired by Faros Properties and Caspi Development in late 2012. Sitting on six acres and standing four stories high, 120 Bloomingdale Road is undergoing the final phase of extensive renovations that will outfit the property with an elegant lobby, ultramodern conference room, state-of-the-art gym space, upscale café, private terraces and more. With attractive rents and the ability to lease window space for private offices without excessive interior square footage, the property is highly appealing to law firms.
Newmark Grubb Knight Frank’s Executive Managing Director Gregory V. Frisoli and Senior Managing Director Lawrence (Larry) A. Ruggieri serve as leasing agents. Fentin and Goldman, a firm specializing in residential real estate, and the Law Offices of Joseph R. Miano signed for approximately 3,400 square feet and 3,600 square feet, respectively. Cabanillas & Associates – which was previously located at Caspi’s Renaissance Corporate Center at 235-245 Main Street in White Plains – signed for 16,800 square feet, with access to a 5,550-square-foot terrace.
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Cabanillas is a full-service law firm specializing in real estate foreclosure defense, bankruptcy, and immigration, and is dedicated to investing in the local community by supporting those who need assistance most. The entire staff speaks fluent Spanish.
“We are expanding our firm and were seeking an accessible property that could house our offices on one floor,” said Norman Wekselman, a spokesman for Cabanillas & Associates. “We’ve worked with Caspi Development in the past, and it was a great experience.”
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“We are thrilled that we could continue to meet the space and growth needs of Cabanillas by facilitating their move from the Renaissance Corporate Center to 120 Bloomingdale Road,” said Joshua Caspi, Principal of Caspi Development. “Our goal is to continue to bring outstanding tenants to this iconic property.”
“This completely reimagined office space was designed to attract tenants and offer them a long-term home,” said Alexander Leventhal, co-founder and Managing Partner of Faros Properties. “The building offers such amenities as private terraces on the fourth floor, dedicated parking, and a soon-to-be open gourmet café.”
120 Bloomingdale Road is centrally located to offer an easy commute for both train and car travelers. The location also provides quick access to the downtown area of White Plains. Current tenants of the building include Oxman Tulis Kirkpatrick Whyatt & Geiger L.L.P., New York State, Nationwide Insurance, Byram Healthcare, and Keller Williams Realty.
For further information on leasing, please contact Gregory Frisoli at 203-531-3605 or Larry Ruggieri at 914-881-1025.
Faros Properties, LLC, is located at 551 Fifth Avenue, Suite 413, New York, N.Y. 10176, 212.299.8700,www.farosproperties.com.
Caspi Development, LLC, is located at 3010 Westchester Avenue, Suite 106, Purchase, N.Y. 10577, 914.694.8300,www.caspidevelopment.com.
About Faros Properties, LLC
Faros Properties is a New York City based real estate investment firm established by Alexander Leventhal, Jeremy Leventhal and Elliot Gould as a platform to target long-term private investment opportunities. Faros primarily targets core and value-add investments in supply-constrained markets with high concentrations of intellectual capital. Faros and its predecessor companies trace their roots to successful family-owned operations. The family has for over six decades been actively involved in the construction, development, acquisition, management, and financing of over 50 million square feet of real estate internationally.
About Caspi Development, LLC
Caspi Development has been a leader in ownership, management and development of residential and commercial real estate for more than 40 years. Based in Purchase, NY, the company is known for its diversity and ability to respond to market conditions and capitalize on opportunities. Over the last few years, the company has acquired through joint venture approximately 1,600 apartments in New York City. Most recent Caspi Development projects include a 500 unit apartment package in the Bronx with Finkelstein Timberger and CBRE Capital Markets, as well as a number of high end apartment projects in Brooklyn with Artemis Real Estate Partners. Other notable Caspi Development projects include the 600-room Holiday Inn located in Midtown Manhattan on 57th Street; the Chambers Hotel, a luxury 80-room hotel off Fifth Avenue and 56th Street, the Stamford Marriott Hotel in Stamford, CT; the Classic in Stamford and Hartsdale, NY; 235-245 Main Street, a 158,000 square-foot office property in White Plains, NY; and The Sanborn Map Building, a 75,000 square-foot office property in Pelham, NY.
