Cadbury Schweppes Puts 135,000 SF on Market

RYE BROOK, NY-Cushman & Wakefield reports that Cadbury Schweppes has put 135,000 sf of space, a lion’s share of its leased operations at 900 King St. here, on the market for sublease. The firm plans to retain offices of approximately 20,000 sf at the 203,900-sf building.

The firm made headlines in early 2004 when Cadbury Schweppes Americas Beverages signed a lease at the building and revealed it would be combining Snapple Beverage Group, which was housed at 709 Westchester Ave. in White Plains, with its Motts Inc. operations in Stamford, CT, which was headquartered at Six High Ridge Park. The two divisions eventually relocated those operations to Rye Brook. Cadbury received incentives in connection with the move from New York State. Cadbury Schweppes is now making preparations to spin off its Americas Beverages division as a separate company sometime this year.

Cushman & Wakefield was hired as the exclusive leasing agent for the Cadbury sublease space. C&W’s Kevin Foley, Larry Ruggieri and Jacqueline Mierkiewicz will work on the assignment. Foley says that the space is available for single or multi-tenant users. The Cadbury sublease space totals 36,787 sf on the first floor and 98,213 sf on the second floor of the building that is owned by Brickman Associates of New York City. The space is available for sublease from Cadbury through Jan. 2015.

“This is one of the largest blocks of space available in this submarket of Westchester County,” Foley says. “It’s also a less expensive alternative to lower Fairfield County.” Other major tenants at the former IBM building are Greenwich Hospital, which maintains some administrative offices in approximately 30,000 sf of space, and Kenmar Group Inc.