X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WHITE PLAINS-In a move that company executives say was made in an effort to “fine tune” its marketing efforts, GHP Office Realty of White Plains has hired outside commercial brokerage firms for seven of its office properties in the New York metro area. “We believe we are hiring the most qualified firms in each particular submarket,” says Andrew Greenspan, managing partner of GHP, which will retain overall leasing responsibilities at its portfolio of about two dozen buildings in the region.

In Westchester County, GHP has hired McCarthy O’Callaghan Co. Inc. as the leasing agent for Four West Red Oak La., a 130,000-sf office building; at 170 Hamilton Ave., a 60,000-sf office asset, GHP has retained Goldstein & Associates. At its 179 Westmoreland Ave. building, GHP has hired Harbour Commercial Real Estate of Armonk to be the leasing agent for the 65,000-sf office building. All three of the above-mentioned buildings are in White Plains. The firm has also turned to Delphi Commercial Properties of Tarrytown to handle leasing at 700 Executive Blvd. in Elmsford. The 105,000-sf warehouse building is currently available on a sublease basis.

GHP has also handed out leasing assignments at three of its office properties in the Garden State. Grubb & Ellis’ Fairfield, NJ office has been retained to handle leasing responsibilities at GHP’s 30 Two Bridges Rd., a97,000-sf property in Fairfield. Colliers Houston & Co. of Teaneck has been hired to oversee leasing at 218 Route 17 North in Rochelle Park, a 95,000-sf office building. In addition, MRH Real Estate Services of Lodi will now be handling leasing at GHP’s 8 King Rd. a 195,000-sf office building in Rockleigh.

Greenspan stresses that GHP retains leasing responsibilities for the remainder of the company’s portfolio and notes that the firm is under contract to acquire two new office properties, one in Fairfield County, CT, and the other in Princeton, NJ. GHP manages all of its office buildings in-house.

Greenspan notes that there has been significant interest in both properties and once those buildings are sold, the occupancy rate for GHP’s portfolio will be approximately 96%. The firm expects its portfolio’s occupancy rate will inch closer to 100% in the next few months.

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.