Berkeley College selling two downtown White Plains buildings

Pandemic forced closure of school’s Westchester campus in consolidation with Manhattan operations

Tri-State /
Sep.September 22, 2021 12:46 PM
The office space at 99 Church Street (Google Maps)

The office space at 99 Church Street (Google Maps)

Months after announcing the closure of its Westchester campus, Berkeley College is selling the two buildings it formerly occupied in downtown White Plains.

The for-profit institution has hired commercial brokerage RM Friedland to find buyers for 99 Church Street and 6 Cottage Place, the asking prices for which have not been publicly revealed, according to the Westchester & Fairfield County Business Journals.

The building at 99 Church Street provides four stories of office space, as well as a full basement. The building is partially leased with four tenants taking up just over 24,000 of the building’s 110,000 square feet of space. If the building is demolished, the one-acre site could be redeveloped to include up to 136,000 square feet of new development.

The building at 6 Cottage Place, meanwhile, served as a student dorm. It has 55 units totaling 140 beds.

Berkeley College, which has been operating in Westchester since 1945, decided to shut down its White Plains campus in June and consolidate with its New York City campus, citing the pandemic as playing a major role in the decision. The college has a campus in midtown Manhattan as well as four in New Jersey: Newark, Paramus, Woodbridge and Woodland Park.

The four-story office building could draw interest based on the performance of the office market in Westchester, where leasing activity jumped 58 percent in the second quarter compared to the first, according to CBRE.

Nevertheless, the market is still down from previous years. Just 209,000 square feet leased in the second quarter, a 12 percent drop from the five-year average. Asking rents in the market also stabilized.

[WestFair] — Holden Walter-Warner





    Related Articles

    arrow_forward_ios
    From left: SL Green's Marc Holliday, Cappelli Organization’s Louis Cappelli, PRCP’s Steve Plenge and the Galleria White Plains (Google Maps)
    SL Green, Cappelli join PRCP to redevelop Galleria White Plains
    SL Green, Cappelli join PRCP to redevelop Galleria White Plains
    Former Westchester Renaissance Hotel at 80 West Red Oak Lane and Garden Communities’ Zygi Wilf (Loopnet, Linkedin, Getty)
    Massive rental complex planned for Westchester hotel site after $71M sale
    Massive rental complex planned for Westchester hotel site after $71M sale
    KABR's Adam Altman and 78 North Main Street in New City, Rockland County (JLL, KABR, Getty)
    KABR buys Rockland County shopping center for $30M
    KABR buys Rockland County shopping center for $30M
    Kingston Mayor Steve Noble. and For the Many’s Brahvan Ranga (Getty, For the Many, The Office Of Kingston Mayor Steve Noble)
    Kingston considers historic rent rollback
    Kingston considers historic rent rollback
    East Hampton planning director Jeremy Samuelson (Linkedin, Getty)
    East Hampton looks to allow more granny flats
    East Hampton looks to allow more granny flats
    Southold Town Supervisor Scott Russell and 12500 Main Road in Mattituck (Google Maps, Getty, Town of Southold)
    North Fork town smells victory in eminent domain fight
    North Fork town smells victory in eminent domain fight
    Friedkin Property's David Friedkin 2 Canfield Avenue (LinkedIn, Google Maps, Getty)
    White Plains multifamily community trades for $113M
    White Plains multifamily community trades for $113M
    Leslie Alexander with 1117 Main Road in Riverhead (top) and 2045 Sound Avenue in Mattituck (Getty, Compass)
    Leslie Alexander lists pair of North Fork properties with development rights
    Leslie Alexander lists pair of North Fork properties with development rights
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...