Henry Schein Signs 20,000-SF Lease

The deal brings the 166,000-sf office building, which is part of the firm's 1.6-million-sf Platinum Mile portfolio, to 65% leased.

"We're delighted that Henry Schein, Inc. has selected Platinum Mile for its Westchester office location and we welcome the firm to our roster of prestigious corporate tenants," says Joseph Caruso, RexCorp's SVP of leasing. "With its terrific location, superlative amenities and high-end buildings, Platinum Mile represents a winning proposition that we are confident Henry Schein recognized when selecting class A office space for its Westchester staff."

Henry Schein will be relocating operations from smaller quarters in lower Westchester, Caruso adds. The firm, which employs more than 11,000 people in 19 countries, is headquartered in Melville.

Major tenants at 2500 Westchester Ave. include: Alpine Woods, Bernard Harris Publishing, OPUS Advisors and Professional Risk Managers. Caruso notes that RexCorp has other lease deals in the pipeline at the property.

RexCorp, which was founded earlier this year in connection with the merger of Reckson Associates Realty Corp. and SL Green Realty, is undertaking a major repositioning of the Platinum Mile portfolio. Company officials say that when complete, the office park's multi-million dollar capital improvement program will add to the tenant amenity package with an extensive lobby and entry redesign and landscape upgrade. The effort, they add, is believed to be one of the largest such efforts in Westchester County history.

RexCorp was formed by former key management of Reckson Associates, including its chairman and CEO Scott Rechler, and currently has $3 billion in assets under management, including 11 million sf in 70 properties in the tri-state region.