Newmark is pleased to announce the closing of multiple leasing transactions over the past five months at White Plains Plaza for a total of 79,301 square feet, with an additional 20,000 square feet out for lease. The owner Ivy Realty is represented exclusively at the property by Executive Managing Director Glenn Walsh and Senior Managing Director Lawrence Ruggieri of Newmark.
“The activity we’re seeing at White Plains Plaza is incredibly exciting,” said Anthony DiTommaso, Ivy Realty’s Co-Chief Executive Officer. “The improvements to the buildings have really helped with the leasing.”
White Plains Plaza comprises two 15-story towers: One North Broadway and 445 Hamilton Avenue. One North Broadway has landed new leases from Carl Zeiss (24,632 square feet), Crown Castle (10,983 square feet) and Langan Engineering (5,722 square feet), as well as renewals from Himmelfarb & Sher (5,070 square feet) and Riebling, Proto & Sachs (2,870 square feet). 445 Hamilton in turn saw new leases from Collado Engineering (4,860 square feet), Collins & Scoville Architecture (3,590 square feet) and EJ Electric (1,309 square feet), as well as a renewal of 16,828 square feet and an expansion of an additional 3,437 square feet from Stark Business Solutions.
White Plains Plaza is centrally located in downtown White Plains, adjacent to shopping and dining. The property allows easy access to major traffic arteries I-287 and the Bronx River Parkway, as well as provides a shuttle to the nearby Metro North station. Amenities include in-complex banking, restaurants, common areas, storage and parking.
“The buildings’ best-in-class facilities and robust amenities package make this property a great space to do business,” said Mr. Walsh. “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.”
Ivy Realty purchased White Plains Plaza in 2015 and immediately began a $30-million revitalization of the complex, which is 95-percent complete.
About Ivy Realty
Founded in 1996, Ivy Realty is a Greenwich, CT-based real estate investment, development and management company and has acquired more than $1.5 billion in assets and currently has a portfolio exceeding six million square feet of office, industrial and retail properties. Ivy invests on behalf of institutional, discretionary funds in value-added investments in the Northeast US, Southeast Florida and Colorado. For more information, visit www.ivy-realty.com.
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark Group”) (NASDAQ: NMRK), is one of the world’s leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 16,000 professionals operate from approximately 430 offices on six continents. Newmark’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com.
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