UBS leases 29,000 s/f at RexCorp's Platinum Mile

Real Estate Weekly,  Dec 5, 2007  

Tags: UBS AG

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RexCorp Realty LLC, owner and operator of the 1.6 million square foot Class A Platinum Mile office portfolio announced that UBS, one of the world's leading financial firms, has signed a 10-year, 29,028 s/f lease at the Company's trophy Westchester office park, Platinum Mile.

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UBS is the leading global wealth manager, a top-tier investment banking and securities firm, and one of the largest global asset managers. With offices in 50 countries UBS's financial businesses employ more than 80,000 people around the world.

The 14-building Platinum Mile portfolio is nearing the final stages of its extensive repositioning program, widely considered to be one of the largest in the history of Westchester's office market. The major capital improvement program has enriched the properties' prestige with dramatic lobby and entry redesigns, landscape upgrades and the inclusion of a comprehensive tenant amenity package, offering business services that include wifi, gourmet food service and catering, and a variety of team room and conferencing facilities.

"As this unparalleled repositioning of Platinum Mile unfolds," commented Joseph Caruso, RexCorp's senior vice president of leasing, "our efforts continue to be validated by tenants of prominence, like UBS, who select this preeminent, luxury office park as the location for their operations in Westchester." UBS was represented by Steve Baker of Cushman & Wakefield.

UBS joins a prestigious tenant roster populated by fellow financial services firms including JP Morgan Chase, Fidelity Investments, Alpine Woods Capital Investors, Wells Fargo Bank, Bank of New York, Bankers Conseco Life Insurance, and Wachovia. Caruso added, "We welcome UBS to 709 Westchester Avenue where we look forward to sharing RexCorp's service-first brand ofproperty management and living up to our reputation as the New York TriState's 'Landlord of Choice'."

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