White Plains Plaza Leasing Activity Going Strong
The much-anticipated $30 million revitalization project is almost complete, and real estate advisory firm Newmark Knight Frank has leased a total of 79,301 square feet in two downtown structures.
The two 15-story towers sit at the heart of downtown White Plains.
The worldwide commercial real estate advisory firm Newmark Knight Frank has closed multiple leasing transactions over the past five months at White Plains Plaza, which comprises two centrally located 15-story towers at One North Broadway and 445 Hamilton Ave in White Plains. Newmark Knight Frank has leased a total of 79,301 square feet, with an additional 20,000 square feet currently out for lease, from the owner Ivy Realty. The deal was helmed by NKF Executive Managing Director Glenn Walsh, with Senior Managing Director Lawrence Ruggieri leading the efforts of Newmark.
Ivy Realty purchased White Plains Plaza in 2015 before initiating a $30-million revitalization of the complex that is currently roughly 95-percent complete. Amenities of the structures include in-complex banking, restaurants, common areas, storage, and parking, as well as a location adjacent to shopping and dining.
“The activity we’re seeing at White Plains Plaza is incredibly exciting,” says Ivy Realty Co-CEO Anthony DiTommaso in statement. “The improvements to the buildings have really helped with the leasing.”
The One North Broadway edifice has additional new leases from Langan Engineering, Carl Zeiss, and Crown Castle, plus renewals from Riebling, Proto & Sachs, and Himmelfarb & Sher. The 445 Hamilton structure has new leases from EJ Electric, Collado Engineering, and Collins & Scoville Architecture.
“The buildings’ best-in-class facilities and robust amenities package make this property a great space to do business,” says Walsh in statement. “The ease of access and centrality to White Plains’ commercial district combined with the kind of tenant-friendly approach that Ivy Realty brings are hard to beat in the market.”