Breaking will be offline for scheduled maintenance Friday Feb. 26 9 PM US EST to Saturday Feb. 27 6 AM EST. We apologize for the inconvenience.


Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WHITE PLAINS, NY-Metropolitan Life Insurance has confirmed reports that it is about to place its twin-tower, 750,000-sf White Plains Plaza office complex on the market for sale. In addition, Reckson Associates Realty Corp., reports that it has its 235 and 245 Main St., office properties, which total more than 160,000 sf of office space, under contract for sale.

Jennie Morgan, a spokesperson for MetLife, confirms that the insurer has retained Eastdil Realty of New York City as the sales agent for White Plains Plaza in downtown White Plains. The property consists of One North Broadway, a building of more than 395,000 sf that is fully leased and 445 Hamilton Ave., which has 320,688-sf of office space. That building is considerably vacant, although MetLife occupies approximately 52,000 sf of space there. The complex was at one time home to Prodigy Inc., which occupied well in excess of 400,000 sf of space at the complex.

Officials with Eastdil Realty and McCarthy O’Callaghan Co., the exclusive leasing agent at White Plains Plaza, had no comment on reports that White Plains Plaza was about to be marketed for sale.

MetLife’s Morgan says that the company decided to put the property on the market for sale as part of its annual diversification program of its equity portfolio.

Also in downtown White Plains, Reckson has put its 235 Main St., and 245 Main St., office properties on the market for sale. Salvatore Campofranco, senior vice president and managing director for Reckson’s Westchester operations, says that the firm is under contract for the two buildings and hopes to close on the deal by mid-July. The 235 Main St. building totals approximately 85,000 sf of space, while 245 Main St., features more than 75,000-sf. The complex is located nearby White Plains City Hall and across the street from the “City Center at White Plains” development being built by Cappelli Enterprises of Valhalla.

Campofranco notes that the two buildings, which were purchased when the firm entered the Westchester market with its acquisition of Halpern Enterprises in 1995, does not fit its preferred portfolio profile. For the past number of years, the company has shed smaller office buildings similar to 235 and 245 Main St. from its portfolio. While he would not reveal the identity of the prospective buyer, he characterized the firm as “a private local player.”

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


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