Murray Hill Properties Partners with C&W For Leasing Of One Pepsi Way In Somers, NY

5 Sep, 2007, Somers, NY

More than 115,000 sf available for lease in private corporate campus setting

Cushman & Wakefield today announced it was selected by Murray Hill Properties LLC, a New York City-based real estate investment company, to jointly participate in the leasing of One Pepsi Way in Somers, NY.

Built in 1987, One Pepsi Way is one of the largest and most distinct Class-A office properties in Westchester County. Located on 206 acres, the building encompasses 540,000 square feet on nine floors. The property serves as the headquarters to the Pepsi Bottling Group and is also occupied by General Motors.

Cushman & Wakefield’s Arthur Mirante, president of Global Client Development, Glenn Walsh, senior director, and Larry Ruggieri, associate director, serve as the leasing team representing Murray Hill Properties, the building owner. Cushman & Wakefield is marketing for lease more than 115,000 square feet of available officespace.

“We are thrilled that Murray Hill Properties has selected Cushman & Wakefield to participate in this prestigious project,” said Mr. Mirante. “One Pepsi Way is a great property – offering professional ownership with exceptional lease opportunities, superior infrastructure, sizeable floor plates and first-rate amenities in a world-class corporate campus setting.”

On-site property amenities at One Pepsi Way include cafeteria, health club, basketball, volleyball, tennis courts, baseball field, sundry shop, dry cleaner, travel agency, and rental car service. One Pepsi Way is located directly off Interstate-684 offering extraordinary views of the pristine Muscoot Reservoir.

One Pepsi Way was purchased by Murray Hill Properties in 2006. Cushman & Wakefield also served as leasing agent to the previous owner. “We’ve enjoyed tremendous leasing success at this property, which is one of the finest assets in Westchester County,” said Mr. Walsh. “We’ve already had expressions of interest for the space and anticipate strong demand for the available space.”

Mr. Mirante added, “There are a number of tenants from throughout the New York metropolitan area that are in the market for large blocks of space in Westchester County. One Pepsi Way is ideally suited to accommodate large space users, which puts it in a great competitive position.”

About Cushman & Wakefield

Cushman & Wakefield is the world's largest privately held real estate services firm. Founded in 1917, the firm has 201 offices in 55 countries, and more than 12,000 professionals. Cushman & Wakefield delivers integrated solutions by actively advising, implementing and managing on behalf of landlords, tenants, and investors through every stage of the real estate process. These solutions include helping clients to buy, sell, finance, lease, and manage assets. The firm also provides valuation advice, strategic planning and research, portfolio analysis, site selection and space location assistance, among many other advisory services. To find out more about Cushman & Wakefield, visit the firm's Web site at www.cushwake.com.

Contact: Alison Miller
XM Communications
914-589-8561
amiller@xm-pr.com

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