The IDA will provide benefits in excess of $562,000 in sales taxexemptions in connection with the renovation and equipping of98,000 sf of space at 1133 Westchester Ave., according to thecompany's IDA filing. Sources close to the deal say that the lease,when finalized, will be in excess of 100,000 sf and will thereforeresult in the firm doubling its current global headquartersoperations in Westchester.

An ITT spokesman, says the firm is pleased that the IDA decidedto provide the incentives and confirmed that talks between thecompany and RPW Group are ongoing. "We are still very committed tothe 1133 property but we are still working through some finaldetails on the lease before we have something to announce," hesays.

Salvatore Carrera, director of Westchester County's Office ofEconomic Development, says, "Pending final approval of the leasebetween the landlord, the tenant and other agencies, we view thisas a win-win since; it is a retention and an expansion of a veryprestigious company in Westchester County."