Medical Workplaces at Chappaqua Crossing. Picture courtesy of Atkins Cos.
Atkins Cos., in partnership with Denholtz Properties, has acquired Medical Workplaces at Chappaqua Crossing, a 490,000-square-foot health-care facility in Chappaqua, N.Y. Summit Growth bought the asset.
The property beforehand traded in 2005 when Summit purchased it from Trusted Media Manufacturers for $57.2 million, CommercialEdge information exhibits. The health-care facility additionally grew to become topic to a $20 million mortgage in 2021, offered by Wells Fargo Financial institution.
Located on a 59-acre plot, the power initially got here on-line in 1939 as Reader’s Digest headquarters and was most just lately renovated in 2018. The Class B, four-story constructing is a part of Chappaqua Crossing, a mixed-use group that additionally includes residential items and retail house. Facilities embody an on-site cafeteria, convention middle, auditorium with 300 seats and a non-public government eating membership. The medical workplace element is presently anchored by Northwell Well being’s Northern Westchester Hospital, whereas Optum’s CareMount Medical can also be a part of the roster.
The property is situated at 480 Bedford Highway, within the White Plains market, offering entry to New York Metropolis by way of MetroNorth’s Harlem Line, Noticed Mill River Parkway, Interstate 684 and Taconic State Parkway. Different medical amenities within the surrounding space embody South Bedford Oral and Maxillofacial Surgical procedure, Mt. Kisco Pediatric Dentistry and Northern Westchester Hospital.
In keeping with CommercialEdge information, a complete of 886,942 sq. toes, pertaining to 14 properties which can be medical workplaces or embody health-care amenities, traded throughout the White Plains market within the final 12 months. Atkins Cos. just lately expanded its New Jersey footprint with a 70,140-square-foot medical workplace constructing, bought from Gordon Realty Administration.
