Research

Westchester County office insight - Q2 2018

The major sale that took place in the quarter was Ginsburg Development Companies and Robert Martin Company partnering up to purchase the Westchester Financial Center in downtown White Plains for $83.0 million. The purchase finalizes Ginsburg’s acquisition of an entire city block in the surrounding area. The 571,000-square-foot, two-building complex will be redeveloped as a part of the new “City Square.” One of the buildings will be renovated with a new lobby and a full floor of amenities; the other building will be converted into a mix of residential and office space. The rest of the block will include a blend of office, residential, retail and restaurants.

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