January 4, 2017 Comments Off on Regeneron Pays $720 Million to Stay in Westchester Views: 285 New York News, Outer Boroughs New York

Regeneron Pays $720 Million to Stay in Westchester

Regeneron Pharmaceuticals, Inc. certainly seems happy with its current location in a suburban office park, a few minutes’ drive from downtown Tarrytown, N.Y.

The fast-growing bio-medical firm signed a purchase agreement Dec. 30 to buy The Landmark at Eastview, its existing, 150-acre corporate headquarters, from Biomed Realty L.P. for $720 million, according to the Westchester County Business Journal.

Regeneron has been on a buying spree in Westchester County, paying $50 million for the campus of New York Life Insurance in the town of Sleepy Hollow, and paying $73 million in 2015 for an undeveloped 100-acre parcel next door to Regeneron’s headquarters. Regeneron also had Biomed build 297,000 square feet of new office and laboratory space at its headquarters back in 2015.

Read more at Westchester County Business Journal

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