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Future of PepsiCo In Somers Remains Unclear

The future of the former PepsiCo site in Somers remains unclear after its purchase earlier this year.
The future of the former PepsiCo site in Somers remains unclear after its purchase earlier this year. Photo Credit: File photo

SOMERS, N.Y. -- The purchase of the former PepsiCo building in Somers by Mexican billionaire Carlos Slim Helu is a sign of a robust commercial real estate market, says Marsha Gordon, head of the Business Council of Westchester, according to lohud.com looking back on stories of 2015.

Still, the future use of the PepsiCo campus remains unclear.

Officially, the buyer is an entity called One P Way LLC, which acquired the campus in March for nearly $87 million, records show, the Daily Voice reported.

PepsiCo officials reportedly had said in February employees from Somers would be relocated to the company's headquarters in Harrison or offices it has in White Plains, lohud.com says.

The announced plans brought worry on the impact to the local economy if several corporate tenants moved into the building or if some other purpose for the building was announced, according to the article.

However, Somers Supervisor Rick Morrissey reportedly has told the newspaper that Somers' tax base "could remain strong" whether Pepsi was a tenant there or not, lohud.com reports.

Read about the PepsiCo purchase here on the Daily Voice.

Here's the lohud.com full article.

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