Westchester group lobs its own constitutional challenge to New York’s rent law
Leaving White Plains in its rear view, Wells Fargo Advisors is moving its Westchester County office to nearby Purchase, the Westchester County Business Journal reported. The brokerage plans to move 75 employees from 1133 Westchester Avenue in White Plains to 2500 Westchester Avenue in Purchase, where it has signed a 21,300-square-foot lease, according to the outlet. CBRE Group, which advised landlord Normandy Real Estate Partners, told the outlet that the asking rent was $27 per square foot. Jones Lang LaSalle’s Paul Kauffman represented Wells Fargo. The lease “marks the largest in Westchester County by square footage for the first couple months of 2019,” the outlet reported. The Purchase building is part of an office building portfolio known as The Exchange. In January, a group of developers sought to add three five-story apartment buildings to Wells Fargo’s former Westchester Avenue home in White Plains. [WBJ]
