Fremont Investment & Loan, headquartered in Anaheim, CA, will house its residential wholesale lending group on the second floor at the 171,550-sf 555 Taxter Road property, according to Insignia/ESG officials who announced the deal.
The firm hopes to occupy its new regional offices by the end of this summer. The company is occupying space that until recently was leased by Fuji Photo Film USA, which has relocated its operations to Valhalla. The firm has plans to eventually employ as many as 200 workers at its Westchester operation.
Insignia/ESG's William V. Cuddy, Jr. and Budd Wiesenberg arranged the transaction on behalf of Fremont, with assistance from Fremont's in-house vice president of administration, Rock Macke.
A key factor in the firm's decision to lease in Elmsford was the property's location that allows the company to tap into labor pools in northern Westchester, Putnam, Dutchess and Rockland counties, Insignia officials note.
While this is a new office location, the firm has been servicing customers in the Northeast for some time out of its Tampa, FL center, Insignia/ESG officials say.
More than 100,000 sf of space is still available at the Taxter Road complex, both in Fuji's vacated space and others, they add.
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