Chappaqua, N.Y. (March 25, 2025) – Atkins Companies, a leading multigenerational commercial real estate development, investment and property management firm, and Denholtz, a leading privately held investment management firm, announce the completion of the first phase of a mulit-million dollar capital improvement project at the Medical Offices at Chappaqua Crossing, a 490,000-square-foot, 59-acre multi-tenant office building in Chappaqua, New York.
Acquired by Atkins Companies and Denholtz in 2023, the Medical Offices at Chappaqua Crossing is part of Chappaqua Crossing, a visionary mixed-use reimaging of the former Reader’s Digest global headquarters in Westchester County, New York. The capital improvement project included upgrades throughout the building’s common areas with new LED lighting, ceilings, flooring, lobby furniture, paint/wallpaper, and moss wall coverings.
In addition, a six-million-dollar multi-phase HVAC renovation project is underway at the property with new chillers and controls having already been completed and new boiler controls installed, bringing the building off high-pressure steam. Several large heating and air conditioning systems are currently being replaced. Once completed, the HVAC upgrades will bring about substantial energy efficiencies resulting in a reduction of over $1.5M in utility and labor costs each year.
“Strategic capital improvements are central to our investment strategy, not just at the Medical Offices at Chappaqua Crossing, but across our entire portfolio,” said Cory Atkins, Principal at Atkins Companies. “We are excited to complete these renovations and further position the property as a hub for the region’s healthcare systems.”
Along with the capital improvements, earlier in 2025, Atkins Companies and Denholtz announced the hirings of Tyler Kelsey as Operations Manager and Priscilla Paredes as Property Accountant at the Medical Offices at Chappaqua Crossing. Kelsey and Paredes will lead the property’s onsite operations and finance teams, ensuring the continued execution of the partners’ investment strategy.
About Atkins Companies
Celebrating its 75th anniversary, Atkins Companies is one of the Northeast’s premier multigenerational commercial real estate developers, investors, and property managers. As a pioneer in the medical office space, Atkins Companies is a leading developer, investor, and property manager for regional healthcare systems and physician practices, providing state-of-the-art space solutions to meet the growing demand for well-located, Class-A medical office buildings.
Driven by a deep focus on creating and maintaining strong relationships, their hands-on and solutions-oriented approach to development, investment, and management breeds successful projects while enhancing the businesses and communities that they serve. For more information about Atkins Companies, visit AtkinsCompanies.com or contact them in their West Orange office at 973-325-7900.
To stay connected with Atkins Companies and for updates on the latest transactions and news, follow Atkins on LinkedIn.
About Denholtz
Denholtz is a leading privately held investment management firm bringing a highly innovative approach with institutional execution to commercial real estate. Backed by decades of experience, we leverage a dynamic vertically integrated platform to create value for our investors.
Founded in 1953, we manage over $2B in high-performing assets across industrial, residential, retail, office, and mixed-use strategies. With a portfolio of over seven million square feet, we operate throughout the north and southeastern US with a staff of over 100 employees. To learn more about Denholtz, visit www.denholtz.com.
To stay connected with Denholtz and for updates, follow Denholtz on Facebook, X, Instagram and LinkedIn.
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