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Wednesday, October 20, 2021
Home Real Estate Shuttered Avon Facility in Rye Sold; Purchaser CEO is Rye Resident &...

Shuttered Avon Facility in Rye Sold; Purchaser CEO is Rye Resident & Sailor

It will be an easy commute to see their newest asset.

Rye's shuttered Avon facility, that closed last year after laying off the remaining employees, has been purchased. As recently as 2016, Avon said it intended to keep the Rye facility open.

The new owner is George Comfort & Sons, whose CEO is Rye resident and American Yacht Club 2017 Rolex Yachtsman of the Year Peter S. Duncan.

Avon

(PHOTO: The Avon location at 601 Midland Avenue.)

More from Real Estate Weekly:

"George Comfort & Sons, in partnership with the Feil Organization and O’Connor Capital Partners, has purchased with former Avon complex in Rye, NY,for an undisclosed price.

Avon shuttered the 176,000 s/f multi-purpose facility at 601 and 621 Midland Avenue and laid off all 105 workers in December 2018…

601 and 621 Midland is situated on 18.13 acres with corporate-quality amenities and data center infrastructure.

Welsh, executive managing director at NKF, said, “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.”

“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,” said George Comfort & Sons CEO Peter S. Duncan…."

Read the rest.

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