Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ELMSFORD, NY-Coca-Cola Bottling Co. of New York will shift its executive offices from 3 Skyline Dr. in Hawthorne to more than 44,000 sf at 555 Taxter Rd. here. The deal involves a 10-year lease at the Mack-Cali building. The bottler will relocate from more than 50,000 sf of leased space later this year or in early 2005, according to Mack-Cali officials.

Michael A. Grossman, executive vice president of Mack-Cali, says the deal with Coca-Cola’s New York bottling division all but fills the vacancy left at the 555 Taxter Rd. building by Fuji Photo Film USA, which relocated its headquarters operations to Valhalla last year. In about nine months since the company’s lease expired, Mack-Cali has leased almost all of the more than 100,000 sf vacated by Fuji at the property. The 170,554-sf building is currently 92% leased.

CB Richard Ellis senior vice president William V. Cuddy represented Coca-Cola in the transaction. The deal was signed Coca-Cola Bottling of New York, a division of Coca-Cola Enterprises of Atlanta.

Grossman says that Coca-Cola did conduct a review of other office properties in the area, but decided to remain in the Mack-Cali portfolio in Westchester County. The company also operates a market-service center as well as a major bottling facility in Elmsford at 115 Fairview Park Dr.

In addition, Mack-Cali has secured a major lease renewal and expansion totaling 32,564 sf with the economic consulting firm NERA, a division of Marsh & McLennan, at 50 Main St. at the company’s Westchester Financial Center in White Plains. The firm, which has been a tenant at the building since 1985, signed a new five-year lease deal. The Westchester Financial Center complex is currently nearly 99% leased, according to company officials.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.