1311 Mamaroneck Ave., White Plains, N.Y.
HK Group recently brokered the sale of Parker Corporate Center in White Plains, N.Y., a 320,000-square-foot office complex. It was sold for $68.7 million to UCM/Onyx-1311 Mamaroneck Owner LLC of Woodbridge, N.J. The seller was Hutchinson Corporate Park Assoc. (The Jack Parker Corp.), which is based in New York City.
Located at 1311 Mamaroneck Ave., the trophy 4-story Class A structure was built in 1982 and completely renovated in 1999. It is considered one of the premiere suburban office buildings in the New York metropolitan area. The property was approximately 96 percent leased at the time of the sale.
Matthew Keefe, president of HK Group, was the sole broker involved in the transaction.
Based in Westport and Stamford, HK Group specializes in the handling of private, off-market real estate investment transactions. Its clientele ranges from wealthy individuals and families to institutional funds and off-shore investment vehicles.
DEP to Accept Proposals
The Connecticut Department of Environmental Protection will be accepting proposals for projects that restore the natural resources and recreational uses of the Housatonic River that were injured by the release of PCBs from the General Electric facility in Pittsfield, Mass.
The DEP issued a Request for Proposals last week for projects that can be funded from the approximately $9 million now available for restoration work in Connecticut as the result of a 1999 settlement with GE.
RFP forms and instructions are available from the “Business and Grant Opportunities” page of the DEP Web site at www.dep.state.ct.us/business/index.htm and from the Housatonic Restoration Project Web site at www.housatonicrestoration.org. Additional information, as well as applications and instructions, are available by contacting Michael Powers of the DEP Bureau of Natural Resources at Michael.Powers@po.state.ct.us or via telephone at (860) 424-4102.
A public workshop on the proposal requirements and project selection process will be held on Tuesday, Nov. 28, at 7 p.m. at Kent Town Hall in Kent. At the meeting, state and federal officials and consulting staff will give a brief presentation and then be available to answer any questions.
Proposals are due back for review on Jan. 19, 2007. A list of eligible projects will be approved by the end of March. Those who submit projects deemed eligible for funding will then be asked to submit supplemental project information, which will be subjected to detailed technical and financial review. It is expected that a restoration plan will be formally adopted in early 2008. Project grants will be awarded later that year, after final documentation and contracts are finalized.
“We have reached the first of three important milestones in the effort to restore natural resources in the Housatonic River Basin,” said DEP Commissioner Gina McCarthy. “The next steps include selecting projects and then issuing grants to implement them. Working with the public and interested organizations, thoughtful criteria have been established for selecting projects that will improve the natural resources and recreational uses of the Housatonic River.”
“The work required to reach this point has been challenging,” said Edward Parker, DEP’s chief of the Bureau of Natural Resources. “Everyone involved has made an outstanding effort and we have now succeeded in getting to this watershed event. We are all looking forward to seeing the variety of restoration projects that will undoubtedly come forward in January.”
