John R. McCarthy, a principal of McCarthy O'Callaghan Company Inc., whose firm is the exclusive broker for White Plains Plaza says, "Downtown White Plains is the hot market in the New York metropolitan area and White Plains Plaza is a quality class-A property that offers tenants, large or small, a place to do business that is incomparable in this market. We expect that the Prescient Markets transaction will be one of many leases secured this year at the building."

The company, which trades commercial paper over the Internet at http://www.cpmarket.com, employs 30 full- time employees. Founded in 1999, it went on-line on May 8, 2000, and has served as a platform for $4.5 billion in trades as of August 1, 2000.

Bill Redman, senior vice president of technology and operations, says the firm had outgrown its space and had resorted to implementing flex time and work-at-home policies until it found larger quarters.