CBRE COMPLETES $13.9 MILLION SALE OF ERNEST SIMONS BUILDING

PORT CHESTER, N.Y. — CB Richard Ellis (CBRE) has completed the sale of the Ernest Simons building, located at 181 Westchester Ave. in Port Chester, for $13.9 million. The 170,000-square-foot building was originally constructed in the late 1800s to house the Ernest Simons Manufacturing Co., but has recently been converted by the seller into a multi-tenant, loft-style office building. It features tenants spaces ranging from 300 to 13,000 square feet, as well as a retail component. Al Mirin and Silvia Pogosyan of CBRE’s Westchester, N.Y./Fairfield County, Conn., office and Michael Monahan of the firm’s Midtown Manhattan, New York City, office represented the seller, Ernest Simons Inc. The buyer was not disclosed.