News

Short Takes

Verizon Communications, signed a five-year lease for nearly 100,000 SF in White Plains for its new FIOS services operations, as well as for customer support, a call center and staff training.

The Metropolitan Transit Authority purchased a 77,000 SF office building in White Plains for $15.5 million.

Putnam County received an Empire Zone designation, which enables job-creating companies to operate virtually tax-free for 10 years.

Savanna Investment Management plans to develop 282 acres near Stewart International Airport about 1 million SF of commercial and industrial space.

Matrix Development Corporation, a Cranbury, New Jersey developer, acquired two adjacent parcels totaling about 70 acres in Newburgh and plans to build a 650,000-square-foot warehouse near the intersection of I-84 and I-87.

CSX plans to spend $48.5 million in improve its rail system in New York state, including upgrades to about 350 miles of tracks in the Hudson Valley.

Precision Flow Technologies, a company that manufactures ultra-high-purity gas delivery systems, is expanding and renovating its 58,000-square-foot Saugerties facility.

Lucerne Capital Management, an investment firm trading in European equities, has leased nearly 5,000 square feet for its headquarters in Harrison.

Ingersoll Rand, a diversified industrial manufacturer, leased 8,195 square feet of office space at 25 Corporate Park Drive in East Fishkill, New York.

Sherpa Business Solutions, Inc., a data processing company doubled its presence at the Hudson Valley Business Center in Kingston, New York, by signing a lease for 10,000 square feet of office space.

Time-Warner Cable is moving its business services and media sales divisions to Middletown, New York, in early 2008. The relocation involves 60 jobs.

Xand Corp., a data center infrastructure and business continuity provider, nearly doubled in size by signing a new lease for 43,632 square feet of space in Hawthorne, New York. The company now leases nearly 90,000 square feet at the Mid-Westchester Executive Park.

UBS Financial Services expanded its presence in Westchester County by signing a lease for 29,028 square feet of space at 709 Westchester Avenue in White Plains.

Vantage Manufacturing & Assembly, which assembles a variety of automotive, aerospace, medical and consumer products, expanded its Poughkeepsie, New York operation from 34,000 square feet to 44,000 square feet.

WHI Solutions, an information services company, signed a long-term lease for more than 15,000 square feet of office space in the Reckson Executive Park in Rye Brook, New York.

Complete Medical Supplies recently purchased the former Ball Corp. warehouse in the Town of Walkill, New York and moved its distribution business and 27 employees into the building.

Bronx-based Manhattan Beer Distributors Inc. acquired the 158,000 square foot former Schiffenhaus Packaging Corp. manufacturing plant in Suffern, New York.

TimeLink, a software company, expanded into new office space in Purchase, New York, that is about double the size of its previous headquarters.

CPLPath, Inc., a leading provider of anatomic pathology and molecular diagnostic laboratory services, expanded its state-of-the-art laboratory in Rye Brook, New York, by 23,000 square feet.

Weekly Reader Publishing Group moved from Stamford, Connecticut to the Reader's Digest Association headquarters in Chappaqua, New York, creating 80 new jobs.

Data processor Sherpa Business Solutions more than doubled its presence at the Hudson Valley Business Center in Kingston, New York.

Cervalis, a provider of business continuity solutions, is expanding its facility in Wappinger Falls, New York.

Las Vegas-based Silver State Helicopter is opening an operation at Stewart International Airport.

Greenberg Taurig LLP, an international law firm, is moving into 52,000 square feet in White Plains, New York.

Café Spice, an Indian food processor, plans to move into a former meatpacking plant in New Windsor, New York.