RYE BROOK, NY—Benedict Realty Group has appointed Colliers International as the exclusive leasing agent for its medical office building at 90 South Ridge St. here.
The Great Neck, NY-based real estate investment firm recently acquired the 76,000-square-foot property from a joint venture of Abbey Road Advisors LLC and AEW Capital Management LP for $10 million. See story at Globest.com.
Some 35,000 square feet of divisible, first-floor space is available for lease. An additional 7,000 square feet of space is available on the terrace level, according to Colliers.
“This 35,000-square-foot availability is a rare opportunity within the Rye Brook market, as it maintains strong healthcare practice demographics at a time when demand for medical service is increasing,” says Michael Siegel, executive managing director for Colliers International, who along with Executive Managing Director Al Gutierrez, Senior Managing Director Ian Ceppos, and Director Stephanie Coleman will provide agency representation services for the building ownership.
“We¹ve seen steadily increasing demand for medical office space in Westchester County, which makes this a prime opportunity for a growing medical practice,” Gutierrez notes.
Earlier this year, Benedict Realty Group acquired four multifamily buildings in Queens, NY for a reported purchase price of $50 million from Urban America.
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