New Leasing Push for 175,000-SF Space

Revlon still has a presence at the site, maintaining an R&D facility attached to the four-story Towne Corporate Centre. And to find tenants for the availability, Starwood Heller has hired Cushman & Wakefield, with that firm's Robert Dinner, Jon Marks and Bonni Heller heading the assignment.

"We will subdivide the existing 175,000 sf or, in the alternative, increase its size by expanding the building," says Starwood Heller partner Len Peres. "An additional 750,000 sf of new build-to-suit office and R&D space can also be made available on the campus' adjacent 38 acres."

C&W's Marks says that "the new marketing program is targeting companies with significant space needs, although the availability can be divided. The building's heavy power makes it suited for telecom, data center and business continuity tenants."

The space is currently listed with an asking price of $19 per sf. Broken down, the availability ranges from just more than 9,200 sf on the building's first floor, to the full 57,600-sf second floor.

Starwood Heller bought the 63-acre campus for $24 million a decade ago, ending 40 years of Revlon's ownership of the site. At the time, the property consisted of the 251,500-sf office building, the 100,000-sf R&D building still occupied by Revlon, and a 750,000-sf manufacturing plan, which has since largely been demolished. The latter's site provides the campus' expansion capability.