GlobeOp investing $10.5 million in Yorktown Heights
GlobeOp Financial Services plans to buy office and data center space in Yorktown Heights and move 70 employees now based in Harrison into the complex.
The company, which is based in London and New York City and provides services to the financial services industry, paid $5 million for 1565 Front St. and plans to spend an additional $5 million on improvements and new equipment.
The deal is scheduled to close this month, GlobeOp said. The company will move into the 80,000 square feet of space by early next year.
The addition of new equipment to GlobeOpâ€™s Harrison facility has put a space squeeze on the 175 employees there.
Sheryl Lee, a spokesperson for the company, said today that about 70 of those employees will move to Yorktown Heights. The new complex will also provide GlobeOp with the space for future expansion, the company said.
“Investing for the future is essential,â€ Hans Hufschmid, GlobeOpâ€™s chief executive officer, said in a statement released by the company. â€œWe continuously invest globally in people and infrastructure, reflecting steady growth in client trading volumes and demand for diverse product offerings.â€