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GHP Realty Under Contract to Acquire Two Buildings in White Plains

WHITE PLAINS-A chief official with GHP Office Realty of Scarsdale reports that the firm is under contract to purchase two Downtown office buildings here. The buy would yield approximately 130,000 sf of space.

By John Jordan | Updated on November 20, 2000

WHITE PLAINS-Andrew M. Greenspan, a principal of GHP Office Realty of Scarsdale, has revealed at a meeting of the Westchester County Board of Realtors’ Commercial Investment Division on Nov. 16 that the firm is under contract with a local family-owned construction firm to acquire two White Plains office buildings.

The properties under contract are 170 Hamilton Ave., a three-story, 60,000-sf asset, and 7-11 South Broadway, a five-story, 70,000-sf building. Greenspan did not reveal financial terms of the transaction but did note that he expected the deal to close at the beginning of 2001. “When we’re done (with the deal) we will have five buildings in White Plains,” he said.

The company, which was formed in late 1999, has already acquired One and Four West Red Oak Lane, which totals almost 150,000 sf of space and 297 Knollwood Rd., a 35,000-sf office building near the White Plains/Greenburgh border adjacent to I-28. GHP’s other property holdings include: 30 and 40 Ramland Rd. in Orangeburg, NY, which total 83,000 sf.; 8 King Rd. in Rockleigh, NJ, a 195,000-sf office building; and 1221 Post Rd. East in Westport, CT, which totals more than 70,000 sf.

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