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Brokerage
Posted: May 9, 2011
Scandalios, Cruz, Julien and O'Hearn of HFF broker $30 million sale; Represents seller, Gateside Corp.; Purchased by Faros and Gould
HFF has closed the sale of The International Corporate Center at Rye, a 170,973 s/f, class A office property. HFF's investment sales team marketed the property on behalf of the seller, The Gateside Corp. Faros Properties and Gould & Co. purchased The International Corporate Center at Rye for more than $30 million and assumed existing debt on the property.
Located at 555 Theodore Fremd Ave., the 17.1-acre site features three interconnected buildings anchored by a five-story glass rotunda lobby. Tenants at the property include Bank of Tokyo-Mitsubishi, Mitsubishi Imaging and Greenbriar Equity Group.
The HFF team representing The Gateside Corp. included senior managing directors Andrew Scandalios and Jose Cruz and directors Jeffrey Julien and Kevin O'Hearn.
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