Chappaqua Crossing Gets 2 New Tenants, Fills 24K Square Feet
Summit/Greenfield sees nursing support group, play space company, sign on. Spokesman says they are first new tenants since Reader's Digest departure.
Chappaqua Crossing owner Summit/Greenfield is picking up two new tenants, who have signed leases for a combined 24,000 square feet of commercial space.
One of the new tenants is WeeZee, which will lease 15,000 square feet to accomodate an indoor sensory play space, which Summit/Greenfield notes is the first in Westchester County. In addition, there will be 15 offices that will be rented to professionals such as doctors, nurses, educators and teachers.
"The facility will offer a colorful and vibrant ambiance designed to appeal to a child’s sense of motion, hearing, space, taste, sight and smell," the announcement states about WeeZee. "The safe and supervised therapeutic environment will include equipment designed to improve academic performance, athletic coordination and social relationships in children and will include a rainforest room, a music room, a colorful cocoon-like swing and other sensory enhancement features.
Summit/Greenfield states that WeeZee will bring 100 jobs, both full time and part time.
The other tenant is ACCESS Nursing Services, which provides support for nursing homes and hospitals. It will lease a total of 9,000 square feet, with administration offices being housed on site, according to Geoff Thompson, a spokesman for the developer. ACCESS, said Thompson, is moving its jobs from Pleasantville and will bring 20-25 jobs.
“We are pleased to have WeeZee and ACCESS Nursing Services join our roster of tenants. They fit perfectly with Chappaqua Crossing’s tenant profile of small and medium-sized companies who are finding our location both attractive and convenient," said David Walsh in a press release. Walsh is director of asset management for Summit Development, which is part of the Summit/Greenfield commercial real estate partnership.
ACCESS and WeeZee are the first new tenants to sign leases at Chappaqua Crossing since the departure 13 months ago of former site owner Reader's Digest, which sold the property to Summit/Greenfield, leased it back and then exited after filing for bankruptcy.
Thompson declined to comment on questions regarding the length of the leases and rental rates, which Summit/Greenfield does not disclose.
Both companies will move to the site in March, according to Thompson. There are no further new tenant deals planned for the near future, but Thompson said that there has been some interest.
The signing of ACCESS and WeeZee is positive news for the developer. Summit/Greenfield is still in litigation with New Castle over how the town reviewed its rezoning application to allow for building 199 housing units on the site as part of a mixed-used development. Last April, the town board voted to only rezone for 111 units after unilaterally adding that housing alternative during the winding down of its environmental review of the proposal. The developer has chosen to pursue litigation and not exercise its option under the residential rezoning. Both sides are currently in the discovery phase of the litigation.
In the mean time, Summit/Greenfield is trying to rent out its remaining vacant space, which makes up the bulk of the site's 700,000 square feet in commercial facilities. Aside from its residential rezoning vote last year, the town board also voted to eliminate a cap on the number of comercial tenants that could rent space at the site, something that Summit/Greenfield has long asked her. The developer is now pursuing tenants without the cap as a constraint, according to Thompson.
Summit/Greenfield has been hit by a tough real estate market for finding tenants, with the Reader's Digest departure among its worst financial news.
Other current tenants are: Northern Westchester Hospital with 35,000 square feet, Fiber Media with 35,000, Mount Kisco Medical Group with 40,000, and GSA with 6,000.
A copy of the press release is attached.
Jeff Kent
10:54 am on Wednesday, January 18, 2012
Weezee appears to be owned/run by Access Nursing, no?
Tom Auchterlonie
10:57 am on Wednesday, January 18, 2012
They share a common founder. Here's a profile piece on ACCESS/WeeZee done last summer for our sister site in Pleasantville: http://patch.com/A-jYY5