GHP Office Realty buys 660 White Plains Road for $30m

GHP Office Realty has acquired 660 White Plains Road in Tarrytown in a $30 million deal. The six-story, Class-A office building totals 279,000 square feet and features onsite food service, 24-hour access, ample parking and public bus service. Sitting on an eleven acre site within the Tarrytown Corporate Center, the asset changed hands for just under $108 per sqf. Cushman & Wakefield’s Metropolitan Area Capital Markets Group arranged the sale on behalf of an entity controlled by RNY Property Trust. The property was 87 percent leased to over 40 tenants at the time of the sale.

With strong design, distinctive architectural features and its status as the largest building in the Tarrytown Corporate Center, the offering attracted strong investor interest and substantial tour activity. Cushman & Wakefield’s Andrew Merin said “It continues to outperform the greater Westchester market, and the new ownership will be able to capitalize on the building’s flexibility and strong regional market fundamentals to increase occupancy and NOI.”