X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Prescient Markets Inc., an Internet fixed-income service provider, will relocate its headquarters to 445 Hamilton Ave. in Downtown White Plains later this year in a major expansion move. The company has signed a long-term lease for 20,568-sf at 445 Hamilton Avenue, part of the twin-tower White Plains Plaza office complex owned by Metropolitan Life Insurance Co. Prescient will triple its presence here with the move from its current headquarters at 81 Main St.

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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.