Robert Martie, senior vice president of Gale & Wentworth ofFlorham Park, NJ, which owns the property now called the MountPleasant Executive Center, says that Westchester's office markethad lagged behind other suburban locales such as New Jersey andConnecticut. Activity in Westchester is now intense and availablespace is on the decline, however.

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"It was like somebody turned on the on-switch in January 2000,"he recalls. Gale & Wentworth acquired the property situated on67 acres in November 1998. Last year, IBM vacated the site, whichhad served as headquarters for its Latin American operations sinceit was built in the 1970s.

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Martie says that until this year activity at the property waslight. But when available space in Jersey City and in prime marketsin Connecticut was all but filled up, suddenly corporations beganto look more seriously at Westchester County, he says.

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Martie reveals that his firm is now in negotiations with dealsranging from 150,000 sf of space to the full building. While hewould not reveal the identities of the prospective tenants, he saysthat the firms are from Westchester County, New York City andConnecticut.

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"I would expect to be 50% leased by the end of March," Martiepredicts, "based on the amount of interest we have in the propertyat the moment."

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While the building was occupied by just one user since itsopening almost 30 years ago, it can easily be divided formulti-tenant use, Martie says.

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One of the property's chief amenities is its location--on Route9 and at the intersection of Route 117. The Mount PleasantExecutive Center site was formerly part of the Rockefeller estate.Martie says that recently the Rockefeller family sold New YorkState adjacent property that surrounds the site for use as a statepark.

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Another key amenity at the property is an approved heliport.Martie notes that few commercial properties in Westchester offersuch a service.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.