1900 Central Park Avenue, Yonkers, NY
November, 2017- White Plains-based GHP Office Realty, LLC announced that it has represented The Westchester Bank in a 10 year lease for 2,200 square foot storefront bank branch space located at 1900 Central Park Avenue, Yonkers, New York.
Jamie Schwartz, executive vice president of GHP, represented the Bank in the transaction. John Williams of Royal Properties represented the owner, Curco Operating Company.
Schwartz stated, “We are pleased that were able to once again locate an off market retail location literally a few blocks south of Westchester Bank’s original bank branch and Headquarters on Central Park Avenue. The replacement branch will have similar signage and parking and should be open in June of 2018.”
John Tolomer, CEO and President of The Westchester Bank said “Our lease at 2001 Central Park Avenue was expiring; we were thrilled that Jamie was able find and negotiate a great deal for the Bank to relocate the current Yonkers branch to 1900 Central Park Avenue, within a mile of the current location. As one of top 100 Best Performing Community Banks in America we wanted to continue to have a convenient location for our customers as they have become accustomed to the bank’s high quality personal customer service.” Tolomer continued, “We recently raised $22 million in capital to continue to execute the bank’s strategic business plan. The Bank currently has assets in excess of $800 million. The Bank has received the industry’s highest performance rating, a Bauer Five-Star Rating, a national recognition reflecting financial strength, stability and overall performance excellence and has now earned this acclaim for a record 4th consecutive year. We are also very proud that we were named one of the 2017 Best Banks To Work For in in the United States and one of the Best Companies To Work For in New York State.”