1.67-Acre in Desirable White Plains Neighborhood Available for Multi-Housing Development

Peckham Industries, Inc. has tapped CBRE as the exclusive sales agent for a 1.67-acre site in North White Plains ideal for a multi-family development. Marketing of the transportation-oriented development (“TOD”) site will be spearheaded by CBRE real estate industry veteranWilliam V. Cuddy Jr., Executive Vice President and Jacqueline Novonty, Senior Associate. The property consists of several adjacent parcels located at 20 Haarlem Avenue, 18 Glenn Street and 2, 7, 11 and 20 Holland Avenue.

“Development of multi-family residential properties near transportation hubs is a major industry trend throughout the country and particularly in Westchester County,” said Mr. Cuddy. “This unique site, in the very desirable neighborhood of White Plains,is situated across from the North White Plains Metro-North Train Station, with a 35 minute commute to Grand Central Station. The property offers developers the opportunity to develop a luxury multi-family residential facility with abundant County parkland, restaurants, offices and shopping all within walking distance. This site is the definition of transit oriented development with “live, work, and play” benefits.

The approximately 1.67 acre transit-oriented development site is centrally located with immediate access to I-287 at Exit 6, the Bronx River Parkway and NYS Route 22. In addition, express Metro-North train service brings passengers to New York City via a very short 35 minute commute. Conceptual planning demonstrates that the site can accommodate 175 +/- units which would incorporate an open space park for local residents.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.