The deal involved the sale of the building, which is fullyoccupied by Amscan Co., a wholesale paper and party goodsdistribution firm, headquaterted in Elmsford in Westchester County.The transaction also included the acquisition of 21 acres thatsurrounds the site.
CB Richard Ellis represented both buyer and seller in thetransaction. The brokerage firm and the seller developed a list ofpotential buyers of the property and then solicited offers.
"This sale took place in a time frame that exceeded theexpectations of ownership," an executive with CB Richard Ellissays. "Savanna Partners looked like the strongest possible buyerbecause they were looking to add this property to a portfolio thatincluded other large acquisitions in the region."
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
