Leasing

700 Executive Blvd., Elmsford, NY

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GHP Office Realty, a major owner and manager of properties in Westchester County is pleased to announce that it represented the landlord in completing a 55,750 square foot lease to Urnex Brands, in one of the largest leases in Westchester so far in 2011. Urnex Brands will be relocating and expanding its corporate headquarters, sales, showroom and manufacturing facility from Yonkers to a brand new state of the art facility in 700 Executive Blvd in Elmsford NY. Urnex Brands was founded in 1936, and is the world’s leading manufacturer and supplier of specialty cleaning products for coffee and espresso machines. In 2005 it created the Puro Caff Group, which in part has been responsible for the firm’s explosive growth and need for more space. Urnex Brands is the official sponser of the World Barista Championships. 700 Executive Boulevard was built in 1970 by Robert Martin Company in the Cross Westchester Executive Park. The facility has been completely redone with new green energy efficient technologies. 48,000 feet, with 3 loading docks, remain vacant and available for lease. Bill Anson of Anson Real Estate represented the tenant. Steven Hirsch, Esq represented the landlord.

 

White Plains, NY

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GHP Office Realty, which has its headquarters in White Plains reported a strong increase in leasing activity in two of its White Plains buildings – 7-11 South Broadway and 4 Red Oak Lane. At the 4 story 7-11 South Broadway, which is located in the CBD, 4 tenants, totaling 7,500 square feet renewed their leases. Riverside Capital Management, a private wealth management firm, renewed its lease for 2500 square feet, as did Romanoff Management Corp in 2000 square feet. Kelly Services, the national employment firm based in Troy, Michigan also renewed its commitment to its long term tenancy in the building. Finally, Euler Hermes, UMA Inc a Lexington, KY based textile trading firm also renewed its lease. The property is now 92% leased. Meanwhile, at 4 Red Oak Lane, four new tenants and one expansion totaling 22,500 square feet have brought that 3 story Class A property to 90% occupancy. Most significantly, Stifel Nicolas & Co, a NYSE stock broker, has renewed and expanded its tenancy; the office, which serves as its Westchester County headquarters is now 12,000 square feet, as the company continues to hire stock brokers and investment advisors. WCG Management Co, a trading firm, relocated into the property from New York City. They occupy 4500 square feet and were represented by Jones Lang Lasalle. Concorde Staffing also signed a new lease for 2000 feet, and Vision Financial Services also signed a new lease for 2500 square feet. 4 Red Oak Lane, a Class A, headquarters-type facility, boasts a fitness facility, a full service cafeteria, operable windows, covered parking and an on-site B-line bus stop. Limited office suites remain.

 

587-621 E. Boston Post Road, Mamaroneck, New York

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Richard Hendey of Houlihan-Parnes Realtors handled the following retail lease transactions in Mamaroneck, NY: -Phyllis Victor Gift Shop rented 1,100 square feet at 587 East Boston Post Road in Mamaroneck. -Nikos Greek Restaurant rented 1,750 square feet at 599-601 East Boston Post Road in Mamaroneck -Chocolations rented 1,750 square feet located at 607 East Boston Post Rd., in Mamaroneck, NY. Richard Hendey was the sole broker involved with negotiating these transactions.

 

58 Garth Road, Scarsdale, NY

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Richard Hendey of Houlihan-Parnes Realtors, LLC completed the following four transactions within the past eight months: -Go Greenberry Yogurt rented 800 square feet at 58 Garth Road -Aspire Women’s Boutique rented 700 square feet at 62 Garth Road Mediterranean Grill rented 1,100 square feet at 68 Garth Road -Salon DeVoeu rented 1,400 at square feet at 72 Garth Road Richard Hendey was the sole broker involved with negotiating these transactions.

 

145 Huguenot Street, New Rochelle, NY

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GHP Office Realty, LLC, a major owner and manager of office properties in Westchester County is pleased to announce that it has leased 31,616 square feet of space at 145 Huguenot Street in New Rochelle, NY. The new 10-year leases, consisting of 14,018 square feet with Monroe College and 8,857 with The Medical Letter leave less than 3,000 square feet of available space at the 300,000 square foot building. GHP also renewed 3 leases for existing tenants. Located 2 blocks from Monroe College’s Main Street campus, 145 Huguenot Street will be the new home for Monroe College administrative staff and the King Graduate School. Comprised of an M.B.A program and an M.S. program in Criminal Justice, the King School offers classes in the evenings and weekends. Andrew Greenspan, Principal of GHP and Laura Greenspan, Director of Leasing represented the owner in the transaction. Marc Jerome, Executive Vice President of Monroe College stated, “We are excited to be in a professional building where we feel our programs will blossom. We look forward to growing our relationship with GHP.” The Medical Letter, Inc., nonprofit Organization that publishes appraisals of new drugs and reviews of older drugs, moved into the building in July. Medical Letter was represented by its President, Mark Abramowicz, MD. GHP was represented by Laura Greenspan. McGovern, Connelly and Davidson, renewed its 1,880 square foot lease for 3 years, ICD America renewed its 2,228 square foot lease for 5 years and McCabe, Weisberg & Conway, renewed and expanded their lease to 4,633 square feet for 4 years. “We are happy to continue to have velocity in the New Rochelle market. Our tenant base is strong and we work hard to maintain a well run building” stated Andy Greenspan, Principal of GHP. 145 Huguenot Street is conveniently located 1 block from the New Rochelle Metro-North commuter rail station and next to New-Roc Center in the New Rochelle Central Business district with immediate access to I-95. In recent years, it has undergone extensive renovations and upgrades including a new building lobby and common areas, new elevators, new boiler and cooling tower. The building currently has 2,800 square feet available on the 3rd floor. For additional information, contact Laura Greenspan of GHP Office Realty, LLC at (914) 641-4394.

 

Westcliff Shopping Center

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GHP Westcliff Management, formed by Richard Birdoff, a principal of RD Management, and James J. Houlihan and Andrew Greenspan, principals of GHP Office Realty, announce that it has leased 77,620 square feet of retail/office space to Albertson’s and Cook Children’s Health Care at the Westcliff Shopping Center at 3511 Biddison Street (SE Corner of Biddison & Alton Rd.) in Fort Worth, Tarrant County,Texas. Albertson’s, known as the favorite neighborhood food and drug retailer, now occupies a free standing building within the 136,320 square foot shopping center. “Albertson’s is excited to be opening a new location to serve the Westcliff, TCU and surrounding neighborhoods in Fort Worth,” said William Emmons, Dallas-Fort Worth division president. Albertson’s operates 86 stores throughout Texas, nine of which are in the city of Fort Worth. GHP Westcliff Management represented the owner and the tenant represented itself in the transaction. The Lease is for a 39,120 square foot stand alone building and runs for a long term. The owners and Albertson’s have invested over $5,000,000 in the store and the shopping center. Also, Cook Children’s Health Care renewed their 38,500 square foot space. Cook Children’s is one of the country’s leading integrated pediatric health care delivery systems and is a major employer for the area (3,900 employees). Their decision to renew with a long term lease demonstrates their ongoing commitment to jobs in the community. The tenant was represented by David Walters and Ryan Mathews of Jones Lang LaSalle and GHP Westcliff Management represented the owner. Andrew Greenspan, principal of GHP Westcliff Management, commented, “The Westcliff Shopping Center was a jewel that was waiting to be polished. The addition of Albertson’s and the investment in the property coupled with Cook Children’s Health Care’s commitment to the area are evidence of the benefits to Westcliff’s location.” Westcliff Center is a neighborhood center anchored by Ace Hardware, Cook Children’s Health Care administrative offices and now by Albertson’s. Other tenants include Dollar General, Chase Bank, Jody’s Gym, Bella Pasta and Edward Jones Brokerage. The property is currently 90% occupied. Smaller units are currently available ranging from 600 to 5,000 square feet. The center is managed by The Woodmont Company, which specializes in every aspect of commercial real estate including: development, asset management, tenant representation, brokerage, construction supervision, and brokerage and investment sales. Westcliff Shopping Center is located at the southeast corner of Biddison Street and Alton Road approximately 4 miles southwest of Downtown Fort Worth and less than ¼ mile south of Texas Christian University. This location offers a combination of a dense, infill neighborhood (121,000 residents within 3 miles) and a strong average household income (over $76,000 within 1 mile). Therefore, Westcliff is an ideal location for retail tenants since it offers basic retail real estate attributes of a dense population, strong income levels and minimal competition. RD Management has over 30 years experience and is consistently ranked among the nation’s largest privately held real estate development and management organizations. RD Management’s portfolio consists of over 200 premium properties containing an excess of 18 million square feet including such high profile national tenants as Wal-Mart, Target, Home Depot, TJ Maxx, Sam’s Club, Kmart, Sears and JC Penney.

 

145 Huguenot Street, New Rochelle, New York

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GHP Office Realty, LLC, an owner and manager of office properties throughout the NY metropolitan area is pleased to announce that it has leased 40,000 sf of office and warehouse space located in 145 Huguenot Street, New Rochelle to Steiner Sports Marketing, Inc. Andrew Greenspan, Principal of GHP and Laura Greenspan Director of Leasing for GHP, represented the owner in the transaction. Steiner Sports was represented by Feld Real Estate and John Seligman of Davis & Gilbert, LLP. Andrew Greenspan said “We are very excited to be a part of this deal which keeps Steiner Sports in New Rochelle. This deal is a team effort of people wanting to make this deal happen.” “Steiner Sports is excited to remain in New Rochelle so we could continue to provide quality, authentic hand-signed memorabilia to sports enthusiasts but also continue our tradition of being focused on many community development issues, stated Brandon Steiner, CEO of Steiner Sports. He continued, “we look forward to entertaining many customers at our new headquarters.” Steiner Sports will relocate in the first quarter of 2009. The new headquarters are being designed by Stefano Cardarelli of Cardarelli Design Group. GHP Office Realty was formed in 1999, and is headed by its principal owners Andrew Greenspan, James J. Houlihan, James G. Houlihan and Howard Parnes. The company is a leader in the commercial real estate market in the New York metropolitan area specializing in the acquisition, leasing and management of office, flex and industrial properties in the suburban markets of the tri-state area. The company currently owns and manages over 6.5 million square feet in 115 buildings. Steiner Sports Marketing, Inc. is a part of Omnicom Group Inc. (NYSE: OMC) www.omnicomgroup.com. Omnicom is a leading global advertising, marketing and corporate communications company. Omnicom's branded networks and numerous specialty firms provide advertising, strategic media planning and buying, direct and promotional marketing, public relations and other specialty communications services to over 5,000 clients in more than 100 countries. Steiner Sports Marketing is a full service sports and entertainment marketing and event company that leverages the power of sports and entertainment to build successful marketing programs for a diverse group of clients. Steiner currently maintains relationships with over 5,000 athletes and celebrities.

 

4 West Red Oak Lane, White Plains, NY

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GHP LEASES 27,000 SF OF CLASS A SPACE AT 4 RED OAK LANE, WHITE PLAINS, NY White Plains, New York. June 2008: GHP Office Realty, LLC, an owner and manager of office properties throughout the NY metropolitan area is pleased to announce that it has leased 27,000 sf of class A office space located on the second floor of the 130,000 sf building known as 4 Red Oak Lane to the Schwartzberg Companies, a nursing home management and investment firm. Andrew Greenspan, Principal of GHP and Jamie Schwartz, Executive Vice President of GHP, represented the owner in the transaction along with William Cuddy, Jr. and Timothy Donohue of CBRE. Paul Jacobs of CBRE represented the tenant along with Schwartzberg principals Maxwell Stolzberg and Eric Roth. Andrew Greenspan said “The fact that we leased this space prior to a large existing tenant that is scheduled to move out this summer is a testament to the building’s location, recent capital improvements and amenities such as a full service café, onsite gym and covered parking.” “We are thrilled that the Schwartzberg Companies chose to relocate from downtown White Plains to make 4 Red Oak Lane in the Red Oak Corporate Park its global headquarters. The building’s location on the Platinum Mile and its access to I-287, I-684 and the Hutchinson Parkway are unparalleled” stated Jamie Schwartz. He continued that “the lease is for 12 years and has a total value in excess of $9,000,000.” 4 Red Oak Lane currently has 12,474 rsf available on the first floor, 17,065 rsf on the second floor and 5,340 rsf on the third floor. Reasonable subdivisions will be considered. 1 Red Oak Lane is a 21,000 sf building, consisting of 3 floors of 7,000 sf each. The building is also located in the Red Oak Corporate Park is also available for lease.

 

400 Westchester Avenue, West Harrison ,NY

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GHP Office Realty announced that the firm has signed a twenty year, full-building lease for 400 Westchester Avenue in West Harrison, New York. The building is 62,500 square feet and was acquired by a private partnership between the principals of GHP Office Realty and Benerofe Properties in May of 2007. Fordham University, the country’s leading Jesuit University, will use the brand-new, state-of-the-art facility for its Fordham Westchester adult undergraduate education program, which consists of its Graduate School of Business (MBA) Graduate School of Social Services, Graduate School of Education and master’s degree program in the School of Education. Fordham decided to lease the facility after inspecting almost three dozen sites countywide. It chose 400 Westchester Avenue as its Fordham Westchester Campus due to its central Westchester location with unsurpassed highway and mass transportation access, combined with the campus setting of the facility. Classes will begin at the facility in September of 2008. An $8 million renovation will provide Fordham Westchester with the latest in green building technology, with academic facilities surround a large central courtyard. Fordham Westchester at 400 Westchester Avenue is currently undergoing an extensive renovation to provide Fordham University with the latest in green building technologies and the most current learning facilities available. The building will feature 26 newly designed classrooms with such technological features as smart boards, teleconferencing capabilities and brand new seating and learning areas. The building will have faculty and office support space, a library resource center, a dining facility, and both indoor and outdoor meeting areas for student sessions. There will be no athletic facilities, no campus housing and no large auditorium or meeting rooms. The architect for the project is Kouzmanoff Bainton of New York and the general contractor is CW Brown of Thornwood, N.Y. Fordham was represented in its lease negotiation by Robert Ocko, Esq., of Harrington, Ocko and Monk LLP of White Plains. GHP Office Realty represented the owners. County Executive Andy Spano commented, “Fordham University is a great institution. We are very happy they decided to remain and relocate within Westchester County. Higher education is a key to Westchester’s economic development.” “Fordham has been committed to maintaining its historic presence in Westchester. Thus, I am delighted to say we will not only be staying, but raising our visibility in the county,” said Joseph M. McShane, president of Fordham. “We are looking forward to working with the communities in West Harrison and White Plains, and with our neightbors in business and government in Westchester in this new venture.”

 

10 County Center, White Plains, NY

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GHP Office Realty announced that the firm has signed the largest lease in Westchester County in 2008. Verizon New York and Verizon Global Networks committed to two separate long term leases for 99,736 square feet. The County of Westchester also signed a new lease for 17,460 square feet. Both tenants committed to leases in 10 County Center a 205,000 square foot office building acquired by the principals of GHP Office and its locally based partner, Benerofe Properties in July of 2007. Headquarted in Basking Ridge, New Jersey, Verizon Communications has committed to use the County Center Road space for their new FIOS services: customer support, call center and training of staff. The location will house over 500 Verizon employees on the ground and fourth floors of the building. GHP Office Realty principal, Andrew Greenspan, who represented both Verizon and the building owners in the lease negotiation commented, “Verizon is one of the world’s leading technology companies. This lease at County Center represents a major belief and major commitment to Westchester County” In addition to the FIOS network, the owners of the building recently installed a state of the art green cooling system that relies on geothermal technology. The building also serves as one of Westchester County’s main telephone switches for the 914 area code. In a separate deal, also at 10 County Center, the County of Westchester leased executive office space for its Department of Social Services which relocated into 17,460 square feet on the 3rd floor in January of 2008 from Grand Street in White Plans. Mr. Sal Carrera Westchester’s Director of Economic Development oversaw the search for new space and negotiations for the County. The County employees were attracted to 10 County Center for its unparalleled access to I 287, the Bronx River Parkway, Central Park Avenue and walking distance to downtown White Plains and White Plains train station. GTL Construction, also of White Plains, provided complete construction services for the new office build out. The combined total of 91,000 square feet of available space on the 2nd and 3rd floors is available for lease immediately. GHP Office Realty represents the owners in the leasing and marketing efforts for the vacant space. The privately held joint venture purchased a 25 building 2,300,000 square foot 10 state building portfolio from Verizon in mid 2007.

 

3 Expressway Plaza, Roslyn, NY

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GHP Office Realty, LLC, an owner and manager of office properties throughout the New York metropolitan area, is pleased to announce that USA Today, a subsidiary of Gannett, a leading daily newspaper in the United States, has inked an 8,600 sf lease at 3 Expressway Plaza in Roslyn, New York. Chuck Tabone of Newmark, Knight & Frank’s Long Island office represented USA Today. Nancy Cerami of NAI Long Island and Jamie Schwartz, executive vice president of GHP, represented the owner. In another transaction, Fifth Generation Systems, a provider of innovative technology solutions to businesses, consumers and developers, signed a lease for 5,572 sf at GHP’s 1 Expressway Plaza. Gus Nuzzolese of Sutton & Edwards represented the tenant and Cerami and Schwartz represented the owner. Schwartz stated “We are delighted that USA Today choose 3 Expressway Plaza to be its Long Island headquarters and that 5G choose 1 Expressway Plaza for its headquarters. Expressway Plaza’s close proximity to the Roslyn train station and the Long Island Expressway as well as its beautiful campus setting proved to be a perfect location for both of these companies. GHP’s 150,000 sf, four building, Expressway Plaza campus is now 100% leased. “The only space becoming available is a 1,700 rsf unit on the second floor at 4 Expressway Plaza in January 2008.

 

Great Neck, Roslyn Heights, Garden City, NY

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GHP Office Realty, LLC has completed over 29,000 sf in lease renewal and new lease transactions in its Long Island portfolio. Jamie Schwartz, Executive Vice President of GHP, represented the owner in all the transactions at 585 Stewart Ave, Garden City, NY, the four building campus known as Expressway Plaza in Roslyn Heights, NY and 277-305 Northern Blvd, Great Neck, NY. The portfolio totals over 235,000 square feet of office space.