GHP officials note that the mortgage bears an interest rate of 8.26% and an amortization schedule of 30 years. GHP, which is based here, purchased the West Red Oak Lane buildings from the Archon Group of Washington, DC.
The two White Plains class A properties are 95% occupied. The complex is home to the corporate headquarters of ITT Industries as well as the divisional operations of Verizon and Houlihan Parnes Realtors, LLC.
In less than one year since its formation, GHP has purchased two office/flex buildings in Northern New Jersey, two office/flex properties in Rockland County, NY and one building in Westport, CT. The company now owns three buildings in Westchester County.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
