WHITE PLAINS, N.Y. — In a joint acquisition, Faros Properties and Caspi Development have purchased the former Nestle headquarters at 120 Bloomingdale Road in White Plains. The six-acre property and its 145,000-square-foot office building sold at a deep discount for $10.5 million. The property, previously appraised at $33 million, was acquired from a special servicer after the previous owner defaulted on its CMBS loan. The new owners plan to extensively renovate the property by this fall. The building features a private roof deck, on-site property management, 24/7 building access and a private, 100-car parking deck. Carl Austin of Austin Corporate Properties represented the buyers. Joseph Garibaldi of Jones Lang LaSalle represented the seller, C-III Realty Services.
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