May 4, 2017 Comments Off on Fully-Occupied Flex Space Sells in Elmsford Views: 185 New York News, Tri-State Area New York

Fully-Occupied Flex Space Sells in Elmsford

May 4, 2017

PAG Investments acquired Heritage Corporate Park, a fully occupied flex/office property in Elmsford, NY.

The tenants include Amscan, Inc., which has executive offices at the property at 80 Grasslands Rd. a three-story, 87,579-square-foot office building and 100 Grasslands, a 67,454-square-foot flex building.

“They provide an excellent illustration of why properties with dual-purpose functionality work so well,” said Andrew Merin of Cushman & Wakefield, which orchestrated the transaction. “The vacancy for flex product in Westchester County is in the single digits, which combined with this property’s strong leasing history, drew significant investor interest.”

Read More at Cushman & Wakefield

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