Atkins Companies and Denholtz Complete First Phase of Capital Improvement Project at the Medical Offices at Chappaqua Crossing

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. 

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