Cuddy and Wiesenberg of CBRE arrange $11 million sale of 128.6-acre property; Represented the seller of the Ridgeway Country Club

French-American School of New York (FASNY) purchased the Ridgeway Country Club the 128.6 acre property located at 400 Ridgeway for $11 million. William Cuddy, Jr., executive vice president, and Budd Wiesenberg, vice president, of CBRE's Westchester office, handled negotiations on behalf of the club. CBRE commenced marketing the property in September 2010 and after an extensive and intensive marketing campaign the property was put under contract in December. FASNY purchased the property without contingencies and plans to develop a campus which will consolidate functions from three separate locations. "We worked closely with the board of directors and membership of Ridgeway Country Club to secure the best buyer," said Cuddy. "After only three months of marketing and negotiations, we were all pleased with the end product - a reputable institution with excellent credentials offering an exceptional international educational experience. It was important for the legacy of the club that the French American School of New York's vision for development was respectful to the community and to the environment."