Cushman & Wakefield has been serving the Westchester County office market since 1980, servicing the area through its Stamford, CT, office, where both Cushman & Wakefield of Connecticut, Inc. and Cushman & Wakefield of Westchester, Inc's operations are based.
Joining Walsh in White Plains are former Newmark associate, Larry Ruggierri and Patti Valenti, a veteran broker with Cushman & Wakefield's Stamford office who specializes in the Westchester area. Walsh tells GlobeSt.com that the White Plains team will lend support to C&W's brokerage team in Stamford that also services Westchester County.
Cushman officials say that the decision to open a separate Westchester location is due to a recent increase in activity in White Plains and the surrounding area, particularly among emerging small and medium-sized companies.
"Business has been steadily increasing in Westchester in recent years," says Kenneth M. Krasnow, regional managing director of C&W Connecticut. "Although we have represented some of the largest transactions in Westchester history, we see that market is increasingly dominated by smaller and medium sized companies that require more day-to-day involvement in all of our services. The best way to accommodate these companies is by focusing solely on Westchester," he said.
Walsh worked for Newmark for seven years and previously spent eight years with Coldwell Banker (now CB Richard Ellis) in Stamford.
Commenting on Walsh's appointment, Krasnow notes, "Glenn Walsh will bring great depth to our new office. He has consistently more than two million square feet of exclusive listings and a broad reaching knowledge of the area, which lately has become a haven for companies looking to relocate from places like Manhattan and Fairfield County."
Walsh notes that the Westchester County office market had slowed this past summer. Activity picked up several days after the terrorist attack and then slowed once more. Recently, activity has picked up again, but the recent deals are being driven by internal growth of Westchester County-based companies.
Some of Walsh's recent deals include a 30,000-sf lease transaction for the law firm of Meiselman, Farber, Packman and Eberz, P.C., of White Plains. He also represented M&T Bank in its relocation to regional offices in Tarrytown and HealthSource in its expansion and renewal in Tarrytown. Additional clients include Westchester building owners and developers such as RPW Group, Halpern Development, Ivy Equities and Minskoff-Grant Realty & Management.
In addition to establishing the Westchester office, Walsh will continue his ownership and tenant representations and will begin working with Cushman & Wakefield's established Metropolitan Area Financial Services Group, company officials say.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
