Wachovia offices to leave downtown White Plains
-
- January
- 15
Wachovia Securities, recently acquired by Wells Fargo & Co., will leave downtown White Plains in May for the Platinum Mile along the I-287 corridor.
Wachovia will move from offices at 10 Bank St. and 360 Hamilton Ave. and consolidate on a 74-acre campus at 1133 Westchester Ave., owned by RPW Group. Wachovia signed a minimum 10-year lease for 26,000 square feet at 1133 Westchester, the commercial brokerage Cushman & Wakefield said.
The deal is the first large office lease to be announced in 2009. RPW President and Chief Executive Robert P. Weisz said about 80 to 100 Wachovia employees are moving. Officials for Wachovia could not be reached for comment.
Weisz said the financial company was drawn by 1133’s amenities, including a conference center, an executive dining room, shuttle service to local train lines, and on-site day care. Provident Bank has signed a lease to open a branch office at the building in March, he added.
“By having it all in one building, it’s more convenient than anything, even in a downtown,” Weisz said.
About 150,000 of the 640,000 square feet at the building are available. Other tenants include ITT Corp., IBM, Starwood Hotels & Resorts Worldwide, and EMC Corp. Asking rent at the building is $35 a square foot, said Glenn Walsh, senior director at Cushman & Wakefield.
This entry was posted
on Thursday, January 15th, 2009 at 6:06 pm by Jerry Gleeson.
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Category: Lease transactions, New office, Office market
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