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TARRYTOWN, NY-Just about 14 months after it signed a significant long-term expansion at the property, Kraft Foods has announced plans to vacate all of its leased space at 120 White Plains Rd. here. Kraft currently leases 132,638 sf of space at the building, which is owned by Reckson Associates Realty Corp. Real estate sources expect Kraft will put the space on the market for sublease.

The decision to vacate the leased space at the property is part of a continuing restructuring plan to streamline and “de-layer” its organizational structure. The initiatives announced, which included the pull out from its leased space here, will lead to the elimination of approximately 600 salaried positions with Kraft.

It is not known how many of the 350 jobs at the building will be lost. The company stated that operations located there would be relocated to other Kraft-owned facilities in the US. A company spokesperson, says that some workers might be relocated to its East Hanover, NJ location or to the company’s Glenview, IL facility.

Kraft also maintains operations at 555 South Broadway in Tarrytown. That property, which it owns, is not affected by the company’s most recent restructuring announcement, the spokesperson says, adding that the decision to vacate 120 White Plains Rd. was primarily based on the company’s goal of having its employees work out of Kraft-owned space rather than at leased properties.

The building, which totals more than 203,000 sf, is home to a host of Kraft divisions, including employees from its desserts, cereals, information systems, marketing and global supply chain operations. Kraft first began occupying the building shortly after its parent company Altria Group began vacating its complex at 800 Westchester Ave. in Rye Brook last year.

In March 2004, Kraft Foods signed a deal for 78,000 sf of space in much of what was the corporate headquarters of Dannon Co. Inc., which decided in May 2004 to relocate its corporate headquarters to 100-150 Hillside Ave. in Greenburgh. In August 2004, Kraft signed a deal for more than 54,000 sf of additional space.

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