Schwartz of GHP Office Realty brokers 30,523 s/f at 399 Knollwood

Jamie Schwartz, GHP Office Realty

White Plains, NY According to GHP Office Realty, LLC, it has leased 30,523 s/f of office space worth $4.5 million since being named exclusive leasing agent in July 2015 by the new owner of 399 Knollwood Rd., a 152,000 s/f office building located off of exit 4 off of I-287. 

Schwartz represented the owner in all the deals and was assisted by GHP associate, Harrison Lyss. Among some of the transactions were:

• Jeffrey Sapir, standing chapter 13 trustee for the Federal Bankruptcy Court renewed and expanded its lease into 5,639 s/f for a new six-year term. The tenant was represented by Craig Ruoff of Rakow Commercial Realty Group;

• DiLapi & Co., CPA P.C. renewed its 3,066 s/f lease for seven years. DiLapi was represented by Craig Ruoff of Cushman and Wakefield;

• Dolgetta Law PLLC signed a new 2,305 s/f lease for a five year term.

• Ameriprise Financial, Reinas and Brown Wealth Management, LLC signed a new lease for 2,278 s/f for a ten-year term.

• Golden Krust Caribbean Bakery & Grill, Inc. signed a new lease for 2,156 s/f for a five year term.

• Crown Abstract, Inc. renewed its 1,282 s/f lease for five years.

399 Knollwood Road - White Plains, NY

“Leasing velocity has been great at 399 Knollwood because it is a sought after destination for many professionals who want a White Plains address without paying White Plains CBD prices. It is a class A building that is immediately off of Exit 4 of I-287 near shops, restaurants and minutes to downtown White Plains. Its amenities include an onsite fitness center, free covered and reserved parking for tenants and a café with a new operator, Firehouse Deli,” said Schwartz. “The building was at 88% occupancy when we took the assignment and seven months later it is as 97% occupancy. Our marketing efforts along with the addition of Schur Management, the new management company, has helped to secure new leases of previously vacant space and the renewal and expansion of existing tenants, resulting in an increase in the owner’s return on investment.”

GHP Office Realty was formed in 1999, and is headed by its principal owners Andrew Greenspan, James J. Houlihan, James G. Houlihan and Howard Parnes. The company is a leader in the commercial real estate market in the New York metropolitan area specializing in the acquisition, leasing and management of office, retail, flex and industrial properties in the suburban markets of the tri-state area. The company currently owns and manages over 5 million s/f.