HARRISON, NY-W&M Properties, the marketing and managing agent for 500 Mamaroneck Ave., announces that American Express Financial Advisors has signed a lease for an additional 3,737 sf of space at the building. The deal now brings the firm’s occupancy at the Malkin-family-owned building to 23,756 sf. Since 1990, American Express has extended its lease or expanded a total of five times to accommodate its growing staff. The property is a five-story, 285,000-square-foot multi-tenant office building that is in the midst of a $12 million capital improvement program.

“We’ve enjoyed excellent business growth in Westchester,” says Thomas V. Nicolosi, group vice president of American Express Financial Advisors’ New York Metro Market Group. “And, as we double our advisor base by 2003, this will continue to be a convenient and attractive location for clients, staff and financial advisors.”

American Express Financial Advisors, which is headquartered in Minneapolis, is the financial services arm of American Express. W&M Properties represented the building ownership in the new deal, Williams Real Estate of New York City represented American Express Financial Advisors. W&M Construction will build out the additional second floor space for the tenant.

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