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GHP Acquires Three Buildings in NYC Suburbs

WHITE PLAINS-GHP Office Realty, along with a group of private investors, reports that it has closed on the acquisition of 185,000 sf of commercial space in Westchester, Fairfield and Long Island.

By John Jordan | Updated on September 26, 2001

WHITE PLAINS-A group of private investors, led by GHP Office Realty of White Plains, has acquired approximately 185,000 sf of commercial space in the New York City suburbs in three separate transactions.

The firm reports it has closed on the purchase of: 1290 East Main Street, a 55,000-sf office building in Stamford, CT; The Colonial, a 65,000-sf medical office building at 560 Northern Blvd. in Great Neck (Long Island); and 179 Westmoreland Ave., a 65,000-sf industrial building in White Plains.

GHP’s Chairman, James J. Houlihan, says, “The acquisition of these three buildings provides GHP Office (Realty) the opportunity to add three fully leased multi-tenanted assets in prime locations, all at significantly below replacement cost.” No purchase prices in the three deals were reported.

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