Altria Signs 45,000-SF Deal at Property it Previously Owned

The deal was announced by Cushman & Wakefield, the asset manager for 800 Westchester Ave. and CB Richard Ellis, the exclusive leasing agent for the property, which is owned by RPW Group. The White Plains-based firm purchased the 625,000-sf complex last August from the Altria. "The fact that they are continuing on as a tenant is a true testament to the building's appeal and the competitive rental rates that we offer," says Robert Weisz, president and chief executive officer of RPW.

Along with Altria Group's signing, five other new leases were signed including American Express, which will be relocating operations from 500 Mamaroneck Ave. in Harrison to approximately 10,000 sf of space. Mitsui Chemical is relocating from 2500 Westchester Ave. in Purchase to 11,792 sf, while Oce International signed a lease for 6,200 sf. Cadent Corp., a marketing firm, inked a lease for 4,390 sf and financial services firm Lucerne Partners signed a lease for 2,715 sf.

Those firms join Triarc Beverages, Bridgecom, WRNN-TV and illycafe, which have already signed leases at the property that is undergoing a multimillion-dollar conversion from single tenant to a multi-tenant property. The property includes 800 Westchester Ave., which totals approximately 470,000 sf of rentable space and 760 Westchester Ave., which has about 62,000 sf of rentable space. Glenn Walsh, senior director of Cushman & Wakefield and CB Richard Ellis' William V. Cuddy, Jr., senior vice president, Hilarie Siles and Bud Wiesenberg represented the tenant and the owner.