Project: 64 JWB LLC & Highland Light Steam Laundry, Inc. and White Plains Coat & Apron, Inc., 4 & 6 John E. Walsh Blvd., Peekskill, New York 10566

Project Type: Commercial Laundry Service

Financial Assistance: straight lease transaction, PILOT agreement, sales tax exemption and NYS mortgage recording tax exemption

Total Project Amount: $1,874,000

Applicant Information: 64 JWB LLC, 4 John E. Walsh Blvd., Peekskill, New York 10566

The City of Peekskill Industrial Development Agency approved an Application for Financial Assistance and on April 28, 2010 entered into a straight lease transaction and PILOT agreement with the applicant. The project consists of the purchase by the applicant of the building and property located at 6 John E. Walsh Blvd. and the construction of a 31,460 SF building accross the parking lot thereby connecting to a 30,000 SF building at 4 John E. Walsh Blvd., (currently owned by White Plains Coat & Apron Co., DBA White Plains Linen, with contemplation of transferring ownership of that property into 64 JWB LLC). Upon completion of the project, Highland Light Steam and Laundry, Inc. (White Plains Linen), will transfer its laundry operations from its Highland/Constant Avenue complex to 4-6 John E. Walsh Blvd. The project is in progress.