Eastchester, N.Y. — Zelco Properties, along with an institutional real estate investment management firm and operating partner, has acquired 750 White Plains Road, a 200,473-square-foot retail property located within the Vernon Hills Shopping Center in Eastchester, approximately 20 miles north of New York City. Formerly occupied by Lord & Taylor, the multi-level property is anchored by White Plains Hospital, which spans 74,500 square feet. New ownership plans to reposition the property with new tenants, with confirmed retailers and restaurants such as a luxury health club, a regional bakery and café, a fast-casual Mediterranean restaurant and two home furnishings stores.
CBRE represented the seller, an entity doing business as LT Eastchester LLC, in the transaction. Dan Zelson of Charter Realty will handle leasing on behalf of the ownership group.