NEW ROCHELLE, N.Y. — CB Richard Ellis (CBRE) has arranged the purchase of a 111,563-square-foot warehouse located in New Rochelle for $5.6 million. Situated on 3.75 acres at 30 Pine St., the single-story building features ceiling heights ranging from 14 to 20 feet. The Pearlgreen Corporation purchased the building and plans to move in by spring 2010. William Cuddy, Budd Wiesenberg and Kevin Langtry of CBRE’s Stamford, Conn., office represented the seller, Bakers Pride Oven Co., in the transaction. The same CBRE team also represented Bakers Pride in the leasing of a new property at 145 Huguenot St. for its customer service department. The company’s assembly and distribution operations, which also were previously located at the Pine Street facility, will move to a company-owned facility in New Jersey. Joel Feinberg of Feinberg Bros. represented Pearlgreen in the acquisition.
CBRE ARRANGES 111,563-SQUARE-FOOT WAREHOUSE SALE