This Week's Hot Property: 120 Bloomindale Road

120 Bloomingdale Road, the recently renovated former Nestlé HQ, reaches 97 percent occupancy.

Nestlé USA, the American arm of the Switzerland-based food and beverage giant (by revenue the world’s second-largest!), had a long history in Westchester before it packed up its operations and headed for the West Coast in 1992. The company opened its first American corporate office in White Plains in 1952; it moved to 120 Bloomingdale Road a little later, and then to a building on Manhattanville Road in Purchase in 1977.

Today, 120 Bloomindale Road is basking in renewed glory, having emerged as a bright spot in the county’s commercial real estate market. Its owners, Purchase-based Caspi Development and New York City-based Faros Properties, announced recently that the 145,000-square-foot building has reached an astounding 97 percent occupancy rate after less than two years of ownership.

The building’s popularity is no doubt driven by a series of renovations, including an upgraded gym, a private roof deck, advanced remote conferencing capabilities, and a gourmet café operated by Marc Tessitore, owner of nessa in Port Chester.

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“We set out to create a space that rivals luxury offices found throughout Manhattan and San Francisco, but would be available to businesses in Westchester at a competitive price,” said Alexander Leventhal, co-founder and managing partner of Faros Properties. “We’re thrilled to see it has become such an in-demand space for professionals in the area.”

120 Bloomingdale Road’s newest tenants are Mittman & Lever Leasing, LTD, and Santangelo & Rodriguez, PC, which will occupy 8,000 and 600 square feet of office space, respectively. They join a long roster of tenants that includes Keller Williams Realty and law firm Cabanillas & Associates, PC.

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