The seller was pizza oven and cooking appliances manufacturerBakers Pride Oven Co., which moved its assembly and distribution toa facility in New Jersey. Bakers owns the Jersey facility as well.William V. Cuddy, Budd Wiesenberg and Kevin Langtry of CB RichardEllis' Stamford office repped Bakers Pride in the sale andnegotiations.

"Often in Westchester as industrial users vacate theirproperties they are converted to other alternative uses," saysLangtry in a statement. "This sale is especially rewarding, asPearlgreen's expansion will create additional jobs in NewRochelle." The property has been on the market for less than sixmonths.

The building sits on 3.75 acres of property and holds 14- to20-foot ceiling heights in the warehouse portion. The officeportion has access from Pine, while Columbus and Webster avenueshost the two loading areas.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.