Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WHITE PLAINS- Radio Computing Services, a subsidiary of Clear Channel Communications Inc., has inked a 30,000-sf lease at 445 Hamilton Ave. The property is part of the twin-tower 700,000-sf White Plains Plaza office complex here.

RCS, a broadcast software provider, had considered a number of sites in Stamford, but decided to relocate its world headquarters operations from 12 Water St. in White Plains to space that will encompass the entire seventh floor and part of the second floor of the 445 Hamilton Ave. building. The company is currently the sole tenant at the 45,000-sf 12 Water St. building.

Bruce Rothman, corporate managing director, and Matthew Barlow, executive vice president, of Studley, represented RCS in the 15-year lease transaction. Glenn P. Walsh, senior director of Cushman & Wakefield, represented the building owner Heyman Properties.

Rothman explains that although there will be a reduction in overall space, the deal allows the firm to consolidate its operations onto a much larger floor plate while also upgrading its space from a class B to a class A building.

“RCS wanted to remain in Downtown White Plains because its employees enjoy the luxury of being in a growing and thriving city with its many shops, restaurants, hotels and other types of entertainment,” Rothman says. White Plains was the company’s top choice, although Rothman admits RCS “kicked a few tires” in Stamford, CT.

Another key to the deal to keep the company in Westchester County was the assistance of Westchester County government and the County of Westchester Industrial Development Agency. The company will receive approximately $110,000 in sales tax exemptions in connection with its $2.4-million construction project to fit-up its new space at White Plains Plaza, according to papers filed with the IDA. The company employs 100 workers in White Plains and 300 worldwide.

Evan I. Maron Esq. of Manhattan-based Morrision & Cohen represented Clear Channel in the transaction, while Steven M. Siegelaub Esq. of Westport, CT-based Berkowitz & Trager LLC acted on behalf of Heyman Properties.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


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 © 2020 ALM Media Properties, LLC. All Rights Reserved.