This 140,684 sf building is a focal point of a network of regional parkways, expressways and commuter lines servicing New York City, in the White Plains CBD and has 425 parking spaces. It is land leased from Yale University until December 31, 2083. The current rent is $147,786 per annum, which will be adjusted annually from 2004-2023 based on the change in the consumer price index. The property is 92.4% leased, generating an average of $23.92 psf. Built in 1986, the property underwent a complete renovation and repositioning program in 1999/2000, and received the BOMA of Westchester County Building of the year award for the best property in the renovation category. The renovation included the redesign of the building lobby with corian walls and attractive wall sconce lighting, a new security desk of inlaid cherry and new lobby furnishings, amongst other upgrades. A new interior and exterior signage program was also implemented. Since the date of acquisition of the property, approximately $1.6 million has been spent on building improvements. 9/1998: International Properties Corp. purchased this building as part of a $350 million purchase of 24 office and retail properties in 7