Avon Capital Corp has announced the sale of its Rye-based data centre in a $23.1 million deal, according to a report by Daily Voice Plus.
The domestic real estate and financing arm of cosmetics giant Avon Products Inc. and its subsidiaries, has sold the building, located at 601 and 621 Midland Avenue in Rye, to Midland Rye LLC, part of George Comfort & Sons, in partnership with Feil Organization and O’Connor Capital Partners.
The site is on 18.13 acres, with Newmark Knight Frank (NKF) having announced the sale on behalf of Avon Capital Corp.
Kevin Welsh, a member of the NKF team, stated, “The acquisition provides George Comfort & Sons with a unique multifunctional property that is well-positioned to capture a broad base of tenant demand as they reposition or redevelop the asset.”
Peter Duncan, CEO at George Comfort & Sons, said, “601 and 621 Midland Avenue presented an attractive opportunity to grow our Westchester holdings with a high-quality asset that benefits from a convenient location in one of our target markets.
“With 4.7 million square feet in our Westchester and Fairfield portfolio, including two development projects in Westchester County, we are optimistic about the future of these submarkets.