Cuddy of CBRE reps owner in 13,336 s/f lease at the Gateway; Baker of C&W reps tenant, Rabobank

In a transaction arranged by CB Richard Ellis' Westchester/Fairfield operations, Rabobank has expanded and extended its lease at Gateway, a class A office building located at One North Lexington Ave. This expansion will bring Rabobank's total office space in the property to 13,336 s/f. William Cuddy of CBRE's Westchester/Fairfield operations acted on behalf of the building ownership. Steve Baker of Cushman & Wakefield represented Rabobank in the lease negotiations. Rabobank extended its lease for an additional 10 years at the property. The Netherlands-headquartered bank, which has a 30-year presence in the U.S., opted for the lease extension and expansion as a result of Gateway One's prime downtown location, building amenities, regional accessibility and commitment to install a co-generation system, which includes a 2,055 KW gas powered generator. The additional back-up power will help Rabobank to assure continuous operation of its data centers. "The co-generator, which will provide additional back-up power to Rabobank, will also increase the efficiency of the energy production and usage in the building," Cuddy said. By producing a significant portion of the energy consumed within the building locally within the facility, the line loss associated with the transmission of electricity will be mitigated. In addition, the heat energy generated in this process, which would be wasted in a central utility production environment, will be recaptured for heating and cooling the building. Finally, the co-generator will reduce the amount of generating capacity which the utility would otherwise be required to provide. "Gateway once again leads the pack in innovation and exploiting green technologies," Cuddy said. Gateway is a 530,000 s/f, class A office building located across from the White Plains Metro-North Train Station and County TransCenter Bus Terminal in downtown White Plains. The property boasts such convenient amenities as a secure adjacent parking garage; a full-service, on-site cafeteria; on-site management headed by Cushman & Wakefield; and 24-hour security. Just 35 minutes outside of Manhattan, Gateway benefits greatly from its surroundings as it is within reach of a number of high-end retail centers and top restaurants.