175 King Street
Office | 433,531 SqFt
Marketing description
Available Space: 433,531 SF. Development and conversion opportunity on 127 acres of premier land bordering the Kensico Reservoir and Rye Lake
Residential development and conversion on 127 acres of premier land bordering The kensico reservoir and rye lake
RM Friedland is pleased to present an unrivaled development opportunity north of New York City in the heart of historic Westchester County. Our firm has been exclusively engaged by one of the world’s largest reinsurers, Swiss Re, to arrange for the sale of the company’s corporate campus at 175 King Street in Armonk, NY. With Swiss Re leasing back a portion of the facility, the office building will be fully leased for an extended period. This gives the chosen purchaser maximum flexibility during their development process.
Designed by famed architect Dolf Schnebli, this 433,531 SF, Class A building is located on 127 acres of prime land bordering the Kensico Reservoir and Rye Lake. Just 35 miles North of Manhattan, bordering Westchester and Fairfield Counties, and minutes to I-684 and the Westchester County Airport, this site is surrounded by award-winning fine dining, shopping and hospitality as well as a variety of mass transportation choices.
This picturesque, idyllic site gently nestled among its natural surroundings within the upscale community of Armonk is indeed a rare opportunity awaiting the right visionary developer.
The building features best-in-class amenities including a three-story atrium lobby, Zen garden, indoor and outdoor fitness facilities, and an outdoor patio with unmatched views
Investment highlights
- Installed new in-line water filtration
- Updated garage lighting and pedestrian walkway lighting to LED fixtures
- Two new Uninterrupted Power Sources
- Updated fire safety system throughout the building
- Upgraded security system
- Updated air handling systems 2023-2024
- Installed new kitchen exhaust fans 2023-2024
- Upgraded Domestic Transfer Water Pumps 2024
- Installed new hot water heater 2024
- Parking Garage Structure improvements to meet New York State Code
- 852 covered parking garage spaces (931 total spaces) including electric car charging stations
- The building was built in 1999 with the J/K wing added in 2004
- Ceiling height slab to slab is 15’
- Development and conversion opportunity on 127 acres of premier land bordering the Kensico Reservoir and Rye Lake
- Column spacing is 25’ column to column
- There are nine elevators including two in the parking garage
- The building is fully sprinklered with automatic fire pump and jockey pump
- There is a Central Plant, three Centrifugal York Chillers, two Bosch Natural Gas Fired Condensing Boilers
- There are Chilled Water Cooled Air Handling Units and Glycol Hydronic Baseboard & Reheat Coils.
- AC Tonnage is 1550 tons. Three Chillers (two that are 600 tons and one that is 350 tons)
- Andover Controls are managed by Richmar Controls.
- The chillers were replaced in 2017
- The building has two generators one is 600 kw and the other is 1250 kw. Load is at 50%. Full tank run time under full load is 45 hours. There are two lines run to the campus. An extra line was run that would support another building the size of the existing one.
- Three wells: Two for Domestic Water, the other for irrigation. Site is connected to the Municipal Sewer System.
- Two gas meters (one for the kitchen and one for HVAC)
- Two electric meters for the building
- 42,295 sf Four maintenance Buildings
- 2.7 MW Solar farm
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