Total existing-home sales—completed transactions that include single-family homes, townhomes, condominiums and co-ops—rose 3.1% from December to a seasonally adjusted annual rate of 4.00 million in January.
Ginsburg Hires RM Friedland to Market Office Space at City Square
HARRISON—With the multimillion-dollar renovation of City Square at 50 Main St./1-11 Martine Ave. in Downtown White Plains, New York now complete, owner Ginsburg Development Company has awarded locally-based RM Friedland the exclusive office leasing assignment for the relaunch of its signature property consisting of 360,000 square feet of office space.
RMF’s Office Managing Director, Chris O’Callaghan, will lead the team responsible for leasing the Ginsburg property. Other team members include Robert Taylor, Jillian Reiner and Reed Waggoner.
City Square consists of 50 Main St., a 15-story, 300,000 square foot office building of Class A space ideal for small enterprises seeking 1,500 square feet to 3,500 square-feet of office space with a full floor of 23,000 square feet perfect for a mid-size firm; and the top three penthouse floors of 1-11 Martine Ave., featuring 60,000 square feet of office space with an express elevator and a private outdoor terrace on the 12th floor with dramatic cityscape views of White Plains.
The newly transformed City Square is a mixed-use center featuring a fully modernized cafeteria with outdoor dining, state-of-the-art fitness center, art gallery lounge, club game room, lecture hall and training room, private dining and conference room, executive board room, underground parking, and a dog-friendly two-acre park with a putting green and Bocci Court. City Square is just steps away from one of Metro-North’s most-active (and recently renovated) train stations with direct access to Manhattan’s Grand Central Station, and conveniently located near numerous federal, state, and local courthouses, popular retail and service shops, fast casual to fine dining, conference-style to five-star hotels, and luxury residential apartments.
“White Plains is one of the tristate area’s most-active office markets because the city combines the best elements of a transit-oriented urban landscape with the post-pandemic advantages of suburban convenience,” said RMF Office Managing Director, Chris O’Callaghan. “The multimillion-dollar renovations – from the exquisite artwork to outdoor park – elevate the definition of ‘work-live-play’ and have transformed the property into the must-have premier address for businesses.”
RM Friedland President Sarah Jones-Maturo added, “A best-in-class asset deserves the right leasing representation, which means a brokerage that offers clients a successful mix of unparalleled historic and up-to-the-minute marketplace knowledge, strategic marketing resources, and a significant track record within the markets it serves. RM Friedland is that right firm, and we look forward to working closely with GDC on City Square’s exciting relaunch.”
“Our $94 million investment in City Square reflects a strong belief in the long-term health and viability of the White Plains office market, because only the most powerful of magnets with the right mix of flexible space, unmatched amenities, and convenience will attract employees back to the office,” stated Ginsburg Development Company founder, Martin Ginsburg. “RMF’s marketplace expertise, creativity and experience perfectly complement the best City Square has to offer.”
GDC’s other major holding in Downtown White Plains is 1 Martine Square. The adaptive reuse project converted a former office tower into a 188-unit luxury apartment project across the street from the White Plains Metro North train station.