Proposed office building sale will shatter records [New York City]
The owner of two of four buildings in a Harrison office park plans to spend $35.3 million — a record-breaking $219 per square foot — to acquire one of the adjacent properties.
In a deal born as much by necessity as desire, Heritage Realty Services LLC of New York City is buying a 161,000-square-foot office building at 3 Gannett Drive from Reckson Associates Realty Corp. The fourth building in the office park is owned and occupied by The Journal News.
3 Gannett Drive is the key to the operation of the two neighboring 106,000-square-foot buildings that Heritage already owns. It houses most of the shared mechanical systems, the chilling machines that provide the air conditioning, Heritage President and Chief Executive Officer George Constantin said yesterday.