Newman and Zaccagnino of Malkin Properties broker 12,274 s/f office lease at Ten Bank Street to TwoFour

TwoFour Holdings, Inc. has leased 12,274 s/f of office space for its headquarters at Ten Bank St., according to Jeffrey Newman, executive vice president of Malkin Properties, the marketing and managing agent for the building. In a relocation from 445 Hamilton Ave., the tenant will take occupancy on Ten Bank's eighth floor in December, for a lease term running through 2022. Malkin Construction Corp. will build out the space. "2012 marks a milestone year for TwoFour - both our ten year anniversary as a company and a decade headquartered in White Plains, which has proven to be a substantial hub for successful financial businesses," said Steve Davis, CEO of TwoFour. "We look forward to better accommodating our employees and enhancing services to our growing client base in the years to come, and are proud to make the move to Malkin Properties' Ten Bank St." Newman represented the landlord, with assistance from Malkin Properties' senior leasing associate Kim Zaccagnino. The tenant was represented by Richard Goldstein of Goldstein & Associates Realty Inc. "We are delighted to welcome yet another financial institution of this caliber to Ten Bank St.," said Newman. "Ten Bank's transit-oriented location, top quality services and superb amenities package were critical draws for TwoFour, as they have been for the other companies comprising the prestigious tenant roster at Ten Bank." The most recent addition to Malkin Properties' Westchester portfolio, Ten Bank Street, in downtown White Plains, is a 225,000 s/f, 12-story Trophy office building immediately adjacent to the White Plains Transportation Center, which includes the Metro North commuter line that runs directly to Grand Central Terminal in Manhattan and serves as the hub of the extensive Westchester County Bee Line bus system. A recipient of The Office Building of the Year Award (TOBY) from the Building Owners and Managers Association (BOMA) of Westchester County, Ten Bank St. features on-going building wide enhancements, including a recently redecorated lobby, and renovated common corridors and restrooms; in-house concierge service; Ten Bank Street Café dining facility and catering service; secured, structured parking garage with 417 spaces, located within the building, with 24/7 card access; 24/7 on-site security; a broad range of telecommunications systems; an ATM; and close proximity to banks, restaurants, hotels, dry cleaning, business suppliers, and retail, including The Galleria and The Westchester shopping malls. Malkin Properties is the real estate management, marketing and acquisition arm of the Malkin family, which has commercial, retail, and residential operations in 15 states. The company's portfolio of suburban Trophy office buildings totals 1.85 million square feet of prime space in Westchester County, N.Y. and in Fairfield County, Conn. In addition to Ten Bank Street, Malkin Properties' other Westchester County Trophy building is 500 Mamaroneck Avenue, a five-story, 285,000-square-foot multi-tenant office building located between the Hutchinson River Parkway and I-95 in Harrison. In neighboring Fairfield County, Conn., Malkin Trophy properties are: First Stamford Place, a three-building, 810,000-square-foot office complex located along I-95, adjacent to the Stamford Transportation Center; Metro Center, a 280,000-square-foot property at the Stamford Transportation Center; and MerrittView, a 255,000-square-foot office building located at the Merritt Parkway's exit 40A in Norwalk. Malkin Properties provides full turn-key deal-making and management services, including marketing, lease negotiations, design, construction, management and cleaning services, all performed in-house. The firm is committed to sustainable property operations and development, including energy efficiency, water use reduction, waste recycling and indoor environmental quality initiatives. Recently, 500 Mamaroneck and MerrittView earned the nationally recognized Energy Star designation from the U.S. Environmental Protection Agency (EPA); the balance of the Malkin Properties suburban Trophy portfolio, including Ten Bank Street, is undergoing Energy Star review. Broker commissions are paid in full upon lease signing. ### 9/12/2011