Ceppos and Gutierrez of Colliers lease 14,154 s/f total at 12 Water St.

12 Water Street - White Plains, NY

White Plains, NY Colliers International has completed the signings of four new long-term leases and renewals totaling 14,154 s/f. The 45,000 s/f office property located at 12 Water St. is now 100% leased.

Senior managing director Ian Ceppos and executive managing director Al Gutierrez, of Colliers International, who were retained as the exclusive leasing agents for the property by ownership, Autumn Properties & Development, brought the four-story asset–which was completely vacant when they took the assignment–to 100% leased in less than  36 months.

Among the new transactions, M2O Private Fund Advisors, who provides counsel on capital raising and investor relations, signed a 3,116 s/f renewal and expansion; J Star Produce and Capitol Logistics leased a total of 6,000 s/f; DataLan Corp., a Microsoft Gold Certified partner that advises on SharePoint technology, renewed 3,988 s/f; and The Law Offices of Craig Relles leased 1,050 s/f.

Ian Ceppos, Colliers International

Al Gutierrez, Colliers International

“Through a strategic leasing program for the Westchester Bank Building, which included reintroducing the asset to the market, we were able to successfully position 12 Water St. as one the most desirable office buildings in White Plains,” Ceppos said. “We are proud to have worked hand-in-hand with Autumn Properties & Development to bring the property to 100% leased.” 

Gutierrez said, “Ownership’s transformative renovations and the building’s location, steps away from the Metro-North train station in downtown White Plains, were highly effective in securing and retaining the Westchester Bank Building’s robust mix of reputable tenants.”

Ownership fully renovated the asset with class-A finishes and infrastructure upgrades after acquiring it from GHP Office Realty in 2012. The property, which formerly served as an office for Con Edison, was renamed the Westchester Bank Building after its largest tenant, who now occupies the entire ground floor.

Additional tenants at the property include Allstate Insurance Company, startup Rev Point, and security provider Allied Barton, among other real estate companies, financial firms, attorneys, and tech companies.

Colliers International Group Inc. is a global leader in commercial real estate services with more than 16,300 professionals operating from 502 offices in 67 countries. With an enterprising culture and significant insider ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include brokerage, global corporate solutions, investment sales and capital markets, project management and workplace solutions, property and asset management, consulting, valuation and appraisal services, and customized research and thought leadership. Colliers International has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 10 consecutive years, more than any other real estate services firm.