C&W to Lease, Manage Westchester One in NY

By Corina Stef

Cushman & Wakefield has been selected as the exclusive leasing and management company for Westchester One in White Plains, N.Y. The 906,689-square-foot, 23-story office building is the city’s largest office asset and changed ownership this month. According to public records, Argent Ventures acquired it from Beacon Capital Partners. A team comprising Cushman & Wakefield Associate Director Mike McCarthy, Director Matthew Lisk, Executive Managing Director Steve Baker and Executive Vice Chairman Josh Kurloff will handle the leasing and marketing efforts.

Renovations underway

The property is located at 44 S. Broadway, and sits on 6.7 acres. Additionally, it was built in 1976 and provides large floorplates. The new owner has also initiated a complete renovation and prebuilt program, which will feature a refurbished lobby, new elevators and systems, an expanded on-site cafeteria, an improved garage and upgraded common areas.

Westchester One is situated in downtown White Plains, in the vicinity of retailers, restaurants, Westchester Mall, banks, fitness centers and hotels. The building has a shuttle service to the Metro North Train Station and provides easy access to Interstate 287. The property is 88 percent occupied by tenants such as New York Life and Lowey Dannenberg, but offers 60,000 square feet of vacant leasable office space.

“Westchester One has had great success, and now with the new ownership and capital improvements program we look forward to bringing the property to full occupancy,” Baker said in a prepared statement. “In the past few months, we have seen a strong and improved vibrancy in the White Plains market and believe that this prominent asset will attract an even wider variety of tenants.”

Image via Westchester One website