New Rochelle, NY – October 20, 2026 – CBRE has been retained as the exclusive agent for the sale of the Lockwood Medical Campus, a three-building medical office assemblage totaling approximately 3.61 acres at 110, 135 and 140 Lockwood Ave. in New Rochelle, New York.
The CBRE team of William V. Cuddy, Jr. and Jacqueline Novotny will oversee the marketing campaign on behalf of the ownership.
“The offering presents investors and developers with an opportunity to acquire a strategically located, transit-oriented site featuring existing medical office space and significant long-term redevelopment potential,” said Cuddy.
“The recent expansion of New Rochelle’s DO-8 Overlay District – which now includes the entire Lockwood Medical Campus – is particularly beneficial for residential development because it extends the successful framework of the Downtown Overlay Zone into additional areas that are well-positioned to support new housing, mixed-use development and neighborhood investment,” said Novotny.
Complementing the expansion of the DO-8 Overlay District, New Rochelle’s transformative Lincoln Avenue Corridor (LINC) Project is reconnecting neighborhoods through the creation of new public open spaces, pedestrian and bicycle infrastructure, and enhanced streetscapes along Memorial Highway. By converting underutilized roadway areas into a vibrant linear park and community amenities, the LINC project will improve walkability, expand access to recreation, and create an attractive environment for new residential and mixed-use development.
Together, the LINC Project and DO-8 expansion position the Lincoln Avenue corridor as one of New Rochelle’s most exciting areas for sustainable growth.
The campus currently serves as multi-tenanted medical office center adjacent to the Montefiore New Rochelle Medical Hospital. 110 Lockwood Avenue comprises 28,602 sq. ft. and the 140 Lockwood Avenue site comprises three buildings totaling 77,246 sq. ft. The property is located within one of Westchester County’s most active development corridors and benefits from New Rochelle’s ongoing residential growth and public infrastructure investment.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm and a premier provider of critical infrastructure services. The company has more than 155,000 employees serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, critical infrastructure); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com
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