OHL Concesiones Leases 3,200+ SF at Faros Properties’ International Corporate Center of Rye
First U.S. location for Madrid-based transportation giant
Westchester County, N.Y. (June, 2013) – Faros Properties, LLC, a New York-based real estate investment firm, has announced the signing of a long term lease by OHL Infrastructure for 3,200 square feet (SF) at the International Corporate Center of Rye, located at 555 Theodore Fremd Avenue. The lease marks the twelfth signing since Faros Properties acquired and fully-renovated the 170,000 SF, three-story office building in 2011.
OHL Concesiones is one of the leading companies in the international market for public private partnership projects and has become a strategic player in the promotion of transport infrastructure in all its forms. Based in Madrid, Spain, the company aims to promote, develop, and manage all types of transportation infrastructure including toll roads, railways, airports, and shipping ports throughout the world.
With its newly-signed lease in Rye, OHL Concesiones will open its first U.S. location to provide a home base for a recently established infrastructure division. The space is located on the second floor of the International Corporate Center’s B building and is undergoing a custom build-out to accommodate OHL’s operational objectives.
“It was important to us to select exactly the right location for our first U.S. presence, and so we searched very carefully under a number of different criteria,” said Juan Ramon Rosado, Vice President of OHL Infrastructure. “We were quickly sold not only on the impressive space and amenities of the International Corporate Center, but also on the Faros Properties team. Their professionalism and enthusiasm for our organization, as well as their willingness to collaborate with us on the customization of our office, made us feel at home.”
Faros Properties currently owns, operates and manages half a million square feet of office space and 400 apartment units in three states. “We’re pleased that OHL Infrastructure selected the International Corporate Center as its North American headquarters,” said Alexander Leventhal, Managing Partner, Faros Properties. “OHL will be the third global company operating out of our Rye office complex, which is a testament to the value proposition of the space that we offer.”
The lease was brokered by Greg Frisoli and Larry Ruggieri, both Managing Directors at Newmark Grubb Knight Frank. The team represented Faros Properties in the transaction. For information on leasing at the International Corporate Center of Rye, contact Greg Frisoli at 203-531-3605 or Larry Ruggieri at 914-881-1025.
About Faros Properties, LLC
Faros Properties is a New York City based real estate investment firm established by Alexander Leventhal, Jeremy Leventhal and Elliot Gould as a platform to target long-term private investment opportunities. Faros primarily targets core and value-add investments in supply-constrained markets with high concentrations of intellectual capital. Faros and its predecessor companies trace their roots to successful family-owned operations. The family has for over six decades been actively involved in the construction, development, acquisition, management, and financing of over 50 million square feet of real estate internationally.