News: Brokerage

VMTurbo, Inc. signs 9,171 s/f at 115-117 Stevens Avenue in Valhalla

According to Reckson, a Division of SL Green (SLG), VMTurbo, Inc., a company that provides infrastructure efficiency for cloud and virtualized environments, has signed a lease covering 9,171 s/f at 115-117 Stevens Avenue in Valhalla, NY, a 126,000 s/f building aka Mount Pleasant Corporate Center. VMTurbo, headquartered in Burlington, MA, is more than doubling in size with this new office space situated on the second floor of the building. Its former premises in Valhalla consisted of approximately 4,000 s/f. VM Turbo's lease signing follows Axiom Software Ltd.'s commitment to establish its headquarters at the building two years ago. Also a high-tech service provider, Axiom specializes in developing critical enterprise applications for parts distribution. "Equipped with sophisticated fiber optics and state-of the art communications systems, the building is definitely becoming a magnet for technology firms," said John Barnes, Reckson/SL Green Senior Vice President and Managing Director, Suburban Division, who explained that the 115-117 Steven's Avenue shuttle service to Metro North White Plains train station, and its central location offering direct access to the Sprain, Saw Mill and Bronx River Parkways and I287 are also amenities that attract tenants. Situated on five beautifully landscaped acres in close proximity to Westchester County Airport, the office park features covered on-site parking, a dining facility and catering, a fitness center with sauna and steam and 24/7 security. David Perlmutter, Perlmutter Properties represented VMTurbo in the transaction, while Robert Swierbut, Vice President, acted for Reckson/SL Green in-house.
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United Properties Corp. adds 380,354 s/f of Midwest retail to portfolio - reaching over 10 million s/f

East Meadow, NY United Properties Corp. has completed two significant retail acquisitions totaling $34.3 million across Ohio and Iowa. The portfolio has crossed 10 million s/f, boosted by 380,354 s/f of premier commercial shopping center space acquired in these purchases.
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