Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WHITE PLAINS, NY-Wachovia Securities, now a part of Wells Fargo & Co., is grabbing 25,982 square feet at 1133 Westchester Ave. here. The banking company will consolidate its two other White Plains office locations–10 Bank St. and 360 Hamilton Ave.–into the top floor of the three-story structure. Glenn Walsh, senior director and Larry Ruggieri, director, of Cushman & Wakefield repped the owner in the deal. Pamela Walsh of Byrnam Wood represented Wachovia Securities.

Wachovia is signing on for over 10 years at the RPW Group-owned building. Situated just off Interstate 287, the building totals 600,000 square feet of office–of which 150,000 square feet remains open. “Leasing momentum at the building remains active despite current economic conditions and [C&W is] in talks with a number of tenants from varying industries,” says Walsh, in a statement. The asking price of the building is $35 per square foot, according to Walsh.

RPW just completed a multi-million dollar capital improvement program for the building, which included a 20,000-square-foot glass atrium, stretching to roughly the height of the building. The owner revamped restrooms, the cafeteria, elevators and curb appeal.

Wachovia was on the cusp of bankruptcy, but was thenacquired by Wells Fargo & Co., positioning it to re-evaluate its corporate structure for efficiency. Walsh tells GlobeSt.com that Wachovia looked to the suburbs for an office to give its clients easier access, as opposed to the crowded city.

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?


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.