Westchester and Fairfield County Business Journals 073018

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SUITE TALK WITH JOSEPH CARBONE

WALMART CLOSING WHITE PLAINS STORE

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JULY 30, 2018 | VOL. 54, No. 31

YOUR ONLY SOURCE FOR REGIONAL BUSINESS NEWS

westfaironline.com

George Comfort & Sons buys Reckson office park for $55 million BY RYAN DEFFENBAUGH rdeffenbaugh@westfairinc.com

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eorge Comfort & Sons is the buyer of SL Green’s Reckson Executive Park in Rye Brook, a six-building office complex totaling 560,000 square feet. The $55 million deal was first announced by the seller in April, though the buyer was not disclosed at the time. Manhattan-based George Comfort & Sons acquired the property in a joint venture with a fund managed by DRA Advisors, according to CBRE Group Inc.,

Indie power page 17

» RECKSON OFFICE

BY KEVIN ZIMMERMAN kzimmerman@westfairinc.com

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once again taking it on the road. Previously operating under an ad hoc structure, the F5 selected Stamford Mayor David Martin as its acting chairman on July 23. “We’re not an official body,” Stamford Director of Economic Development Thomas Madden said. “When we launched last year it was as a pilot project — ‘Can we work together and pull something off?’ Now we’re looking at » FAIRFIELD

T H E B A N K T H AT ’ S C O M I N G T O YO U ! COS COB – MAIN BRANCH 203.629.8400 444 East Putnam Avenue Cos Cob, CT 06807

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Fairfield County Five readies new pitch to NYC firms

bout a year into its existence, the Fairfield County Five — a regional marketing initiative consisting of the mayors or first selectmen and the economic development heads of Fairfield, Greenwich, Norwalk, Stamford and Westport — is getting its act together and

Edie Demas, executive director of the Jacob Burns Film Center, says “Our community of art houses has not seen the same decline in the box office that mainstream cinema has.” Photo by Aleesia Forni

which brokered the deal. The deal boosts the company’s presence in New York City’s northern suburbs at a time when George Comfort & Sons is busy pursuing property redevelopments in White Plains, Rye Brook and Stamford. “The tightening of the Westchester County office market, which is partly driven by the adaptive repurposing of older office product for residential, medical and retail use, coupled with increased demand stemming from Westchester’s cluster of biotech and health care businesses,

E X PE RT L E N DE R S GreenwichFirst.com NMLS# 510513

STAMFORD – SUMMER ST. BRANCH 203.413.6101 900 Summer Street Stamford, CT 06905

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