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.
The 15-story, 445 Hamilton Avenue property was the former home of Prodigy Services Inc., and has since undergone a major renovation since that company moved out at the end of 1997. The 341,811-sft building offers: an on-site cafe and sundry shop; conference center rooms; a 35,000-sf New York Sports Club fitness center; Papa Razzi, an Italian restaurant; the White Plains Plaza Shuttle bus service to the White Plains Metro North railroad station; dedicated underground parking and 24-hour manned security. The adjoining 15-story, One North Broadway office tower is fully leased.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
