SCARSDALE, NY-Credit Suisse First Boston has provided $15 million in first mortgage financing to GHP Office Realty to fund its recent acquisition of One and Four West Red Oak Lane in White Plains.

GHP officials note that the mortgage bears an interest rate of 8.26% and an amortization schedule of 30 years. GHP, which is based here, purchased the West Red Oak Lane buildings from the Archon Group of Washington, DC.

The two White Plains class A properties are 95% occupied. The complex is home to the corporate headquarters of ITT Industries as well as the divisional operations of Verizon and Houlihan Parnes Realtors, LLC.

In less than one year since its formation, GHP has purchased two office/flex buildings in Northern New Jersey, two office/flex properties in Rockland County, NY and one building in Westport, CT. The company now owns three buildings in Westchester County.

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?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

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

  • Free unlimited access to'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 and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.