Forest City Ratner Companies (FCRC) announced that WESTMED Medical Group, one of the largest multi-specialty group practices in Westchester County, has signed a lease for 83,450 square feet in the office building of FCRC’s mixed-use development, Ridge Hill.

 

The project, located between the New York State Thruway and Sprain Brook Parkway in Westchester County, New York, is currently under construction and will open in 2011.

 

“The addition of WESTMED Medical Group to the already stellar list of tenants at Ridge Hill is a true testament to the successful mixed-use nature of this project,” said Bruce Ratner, Chairman and CEO of FCRC. “Ridge Hill will be a superb place to live, shop, work and now, be served by an amazing group of medical professionals.”  

 

With 14 WESTMED locations already in Westchester, the Ridge Hill facility will be among the practice’s largest, comparable to its 210 Westchester Avenue, White Plains, location, and is expected to open in 2011. WESTMED has been serving Westchester County since 1996.

 

 “This transaction represents an expansion of our medical practice and the consolidation of our two existing Yonkers offices, at 1915 Central Park Avenue and 1254 Central Park Avenue, to the new location at Ridge Hill,” said Simeon Schwartz, MD, president of the WESTMED Medical Group. “WESTMED Medical Group is looking forward to providing accessible, convenient, quality, and coordinated medical care to patients at this new, full-service facility in Yonkers.” 

 

FCRC was represented in the negotiations by Mary Ann Tighe, Al Gutierrez and Ian Ceppos of CBRE. Frank Tomasulo, also of CBRE, represented WESTMED.

 

Featuring approximately 1.3 million square feet of retail, entertainment and office space, Ridge Hill will bring together tenants like Saks Fifth Avenue (executed letter of intent), L.L.Bean, Cinema De Lux, a multiplex cinema by National Amusements, and dozens of other local and national retailers and restaurants. The residential component of Ridge Hill will feature up to 1,000 apartments. And with this lease-signing, over half of the 160,000 square feet of office space at Ridge Hill has been filled.