From the Newsroom
By ALEX PHILIPPIDIS :: January 3, 2007

TRIANGLE SHOPPING CENTER: 34,000 sq. ft. available

Perlmutter Properties Inc. of White Plains lists several spaces available at Triangle Shopping Center in Yorktown Heights – one each of 2,231, 3,082, 4,069 and 4,556 square feet. All four can be combined with a 20,000-square-foot upper level to create about 34,000 square feet. For information e-mail david@perlmutterproperties.com or call (914) 686-8900.

2 familiar owners in $3.3B, four-city office deal

Boston-based Beacon Capital Partners, owner of Westchester One (44 South Broadway) in downtown White Plains, generated some cash for itself – presumably for future acquisitions – by selling one of Beantown’s most familiar office properties, the 60-story John Hancock tower, among four buildings in four cities totaling $3.3 billion.

One building each changed hands in Denver, Los Angeles and Washington, D.C., in addition to Boston.

Even more interesting about the deal was the buyer, Broadway Real Estate Partners L.L.C. of New York City.

That name might ring a bell with you. Broadway briefly made a splash in Westchester’s office market in 2003 when it bought the two-building, 230,000-square-foot Saxon Woods Corporate Center in Harrison (550 and 600 Mamaroneck Ave.). Under Broadway Partners, the office campus refurbished some of its common areas and parking lot, as well as some internal systems.

A year later Broadway sold a half-share in the property and two others in the region to Bahrain-based Investcorp. Then late in 2005, as the local office sales market was heating up, Broadway and Investcorp sold Saxon Woods to its current owner, Mark Ellman’s Celestial Capital Corp. of New York City.