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Kraft for Sale; Montefiore Interested

The Tarrytown Kraft complex is up for sale, but its workers can stay.

In January, Kraft Foods announced it would close their Tarrytown beverages unit by year’s end. Then in March came the better news that a slim staff of 140 research and development employees would remain at the facility.

Now, the whole building is for sale and Montefiore Hospital has initiated the process of buying it.

“I can confirm that a letter of intent has been signed with Montefiore Hospital for the sale our Tarrytown buildings,” said Valerie Moens, Associate Director of Corporate External Communications for Kraft Foods, who then directed me to Helene Guss, Interim Director of Media and Public Relations for Montefiore.

Guss said Montefiore plans to lease half of the space back to Kraft, "preserving 200 jobs at the facility." In the other half of the space Montefiore will relocate approximately 850 business and administrative positions from their corporate offices elsewhere in Westchester. 

Montefiore is the the University Hospital for Albert Einstein College of Medicine loccated in the Bronx.

"The existing corporate offices in Westchester will be used to expand our information technology operations, thus retaining additional jobs in the region," Guss said. "Montefiore plans to occupy the premises beginning in first quarter 2013 and is respectful of the unique nature of the grounds and its location next to historic Lyndhurst."

The 300,000 square foot space, built in the 1950s, is spread across three buildings and includes a cafeteria and fitness facility. The campus boasts 700 parking spaces, easy highway and bridge accessibility, waterfront views and the RiverWalk bordering the property.

Kraft has been busy both consolidating and splitting. The many iconic brands under their umbrella generate upwards of $1 billion annually. Last summer, Kraft announced plans to divide and create two independent public companies: a global snacks business and a North American grocery business, named Mondelez International and Kraft Foods Group, respectively, effective Oct. 1.

On Sept. 14, Kraft announced that NASDAQ Global Select Market trading would begin for the two companies Sept. 17 on a "when-issued" basis under the symbols "KRFTV" and "MDLZV."

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