A New Jersey funding agency has acquired an 11-acre workplace park in Tarrytown for $10.three million only one yr after the property was surrendered to keep away from foreclosures, The Journal Information/lohud has discovered.
Actual property group Highstone Fairness Group of New Jersey acquired Talleyrand Workplace Park from a limited-liability agency primarily based in Connecticut related to monetary companies agency Barings.
Talleyrand, situated at 200 and 220 White Plains Street, encompasses two six-story buildings totaling 179,000 sq. toes of workplace house proximal to the Gov. Mario M. Cuomo Bridge, I-287, I-87 and Route 9.
Brokerage agency NKF stated the workplace park gathered curiosity from traders for its location, accessible house and potential for redevelopment.
The sale of the workplace park closed on Nov. 26, in accordance with county property information. NKF stated the 2 buildings are 45% leased.
The sale of the Talleyrand workplace park comes one yr and three months after Pennsylvania-based actual property group Keystone Property transferred the property to Barings.
Barings acquired the properties for $17.four million in August 2018, in accordance with property information. The Journal Information/lohud reported Keystone acquired the workplace park from Mack-Cali in February 2014 as a part of a $230.8 million purchase that included properties in New Jersey, New York and Connecticut.
The 2018 and 2019 Tarrytown tax evaluation roll estimates the total market worth of the workplace park is $21.1 million.
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