Michael A. Grossman, executive vice president of Mack-Cali, says the deal with Coca-Cola's New York bottling division all but fills the vacancy left at the 555 Taxter Rd. building by Fuji Photo Film USA, which relocated its headquarters operations to Valhalla last year. In about nine months since the company's lease expired, Mack-Cali has leased almost all of the more than 100,000 sf vacated by Fuji at the property. The 170,554-sf building is currently 92% leased.
CB Richard Ellis senior vice president William V. Cuddy represented Coca-Cola in the transaction. The deal was signed Coca-Cola Bottling of New York, a division of Coca-Cola Enterprises of Atlanta.
Grossman says that Coca-Cola did conduct a review of other office properties in the area, but decided to remain in the Mack-Cali portfolio in Westchester County. The company also operates a market-service center as well as a major bottling facility in Elmsford at 115 Fairview Park Dr.
In addition, Mack-Cali has secured a major lease renewal and expansion totaling 32,564 sf with the economic consulting firm NERA, a division of Marsh & McLennan, at 50 Main St. at the company's Westchester Financial Center in White Plains. The firm, which has been a tenant at the building since 1985, signed a new five-year lease deal. The Westchester Financial Center complex is currently nearly 99% leased, according to company officials.
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