240 South Highland Ave, Ossining, NY
November, 2019-White Plains-based GHP Office Realty, LLC, an affiliate of Houlihan-Parnes Realtors, LLC, announced that it has represented The Westchester Bank in a 10-year lease for 2,070 square foot storefront bank branch located in the 137,000 square foot Arcadian Shopping Center, 240 South Highland Avenue. The shopping center is located on the border of Briarcliff Manor and Ossining off of South Highland Avenue and the signalized intersection of Route 9 and Rockledge Avenue. It is accessible by Routes 117 and 133 and minutes from a Metro-North train. Jamie Schwartz, Executive Vice President of GHP, represented the Bank in the transaction.
Schwartz stated, “We are pleased that were able to procure and negotiate The Westchester Bank’s seventh bank branch in Westchester County. The Arcadian Shopping Center’ s location and tenant mix, anchored by a Super Stop & Shop, as well as tenants such as Chase Bank, M&T Bank, McDonald’s, Sprint, Autozone and Starbucks, is a good fit for the Bank’s strategic branch expansion plan.”
John Tolomer, CEO and President of The Westchester Bank said, “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, “The Bank currently has assets in excess of $935 million. It also 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 to be named a 2019 Best Banks To Work For in the United States and one of the Best Companies To Work For in New York State.”
GHP Office Realty, LLC was formed in 1999, and is headed by its principal owners Andrew Greenspan and James J. Houlihan. The company is presently one of the New York area’s leading owners, operators, and purchasers of suburban commercial properties. GHP Office Realty has acquired, financed, redeveloped, leased, and managed more than 7,000,000 square feet of space. Regionally, the partners presently own and manage buildings in Westchester and Rockland Counties, New York, Fairfield County, Connecticut and Bergen County, New Jersey. Privately funded, vertically integrated, and well-capitalized, GHP Office Realty is stable, strong, and poised to continue flourishing in the tristate area.
The Westchester Bank is a New York State Chartered and full service FDIC insured commercial bank offering state-of-the-art technology with a comprehensive line of business banking products to businesses and consumers including: business and personal checking, business lending, commercial mortgages, savings accounts, CD’s, money market accounts, Interest on Lawyer Accounts (IOLA), attorney escrow accounts and tenant security accounts. The Westchester Bank is headquartered at 12 Water Street, White Plains, N.Y., with branches located at 1900 Central Park Avenue, Yonkers, NY, 464 Mamaroneck Avenue, White Plains, NY, 994 Broadway, Thornwood, NY, 51 South Moger Avenue, Mt. Kisco, NY, 305 Mamaroneck Avenue, Mamaroneck, NY, 800 Westchester Avenue – 4th Floor, Rye Brook, NY and The Acadian Shopping Center, 240 South Highland Avenue, Ossining, NY.