Global Financial Consultancy Leases Over 12,000 Square Feet At Malkin Properties’ Ten Bank Street in White Plains
WHITE PLAINS, N.Y. – September 12, 2011 – (RealEstateRama) — TwoFour Holdings, Inc., a provider of 24/7 global technology and consultancy solutions for treasury and capital markets, has leased 12,274 square feet of office space for its headquarters at Ten Bank Street, directly adjacent to the White Plains Transportation Center, according to Jeffrey H. Newman, executive vice president of Malkin Properties, the marketing and managing agent for the building.
In a relocation from 445 Hamilton Avenue in White Plains, the tenant will take occupancy on Ten Bank’s eighth floor in December, for a lease term running through 2022. Malkin Construction Corp. will build out the space.
“2012 marks a milestone year for TwoFour – both our ten year anniversary as a company and a decade headquartered in White Plains, which has proven to be a substantial hub for successful financial businesses,” says Steve Davis, CEO of TwoFour. “We look forward to better accommodating our employees and enhancing services to our growing client base in the years to come, and are proud to make the move to Malkin Properties’ Ten Bank Street.”
Established in 2002, TwoFour is a privately held financial consultancy with more than 135 employees across two continents. The company has achieved year-on-year growth since its inception, and its client portfolio comprises large banks, brokerage firms and financial institutions that operate on a global scale. The company consists of the TwoFour product team and professional services group TwoFour Consulting, with a management team that has more than 175 years combined experience in financial services technology.
“We are delighted to welcome yet another financial institution of this caliber to Ten Bank Street,” says Mr. Newman. “Ten Bank’s transit-oriented location, top quality services and superb amenities package were critical draws for TwoFour, as they have been for the other companies comprising the prestigious tenant roster at Ten Bank.”
Mr. Newman represented the landlord in this transaction, with assistance from Malkin Properties’ senior leasing associate Kim Zaccagnino. The tenant was represented by Richard Goldstein of Goldstein & Associates Realty Inc.
The most recent addition to Malkin Properties’ Westchester portfolio, Ten Bank Street, in downtown White Plains, is a 225,000-square-foot, 12-story Trophy office building immediately adjacent to the White Plains Transportation Center, which includes the Metro North commuter line that runs directly to Grand Central Terminal in Manhattan and serves as the hub of the extensive Westchester County Bee Line bus system.
A recipient of The Office Building of the Year Award (TOBY) from the Building Owners and Managers Association (BOMA) of Westchester County, Ten Bank Street features on-going building wide enhancements, including a recently redecorated lobby, and renovated common corridors and restrooms; in-house concierge service; Ten Bank Street Café dining facility and catering service; secured, structured parking garage with 417 spaces, located within the building, with 24/7 card access; 24/7 on-site security; a broad range of telecommunications systems; an ATM; and close proximity to banks, restaurants, hotels, dry cleaning, business suppliers, and retail, including The Galleria and The Westchester shopping malls.
Malkin Properties is the real estate management, marketing and acquisition arm of the Malkin family, which has commercial, retail, and residential operations in 15 states. The company’s portfolio of suburban Trophy office buildings totals 1.85 million square feet of prime space in Westchester County, N.Y. and in Fairfield County, Conn.
In addition to Ten Bank Street, Malkin Properties’ other Westchester County Trophy building is 500 Mamaroneck Avenue, a five-story, 285,000-square-foot multi-tenant office building located between the Hutchinson River Parkway and I-95 in Harrison. In neighboring Fairfield County, Conn., Malkin Trophy properties are: First Stamford Place, a three-building, 810,000-square-foot office complex located along I-95, adjacent to the Stamford Transportation Center; Metro Center, a 280,000-square-foot property at the Stamford Transportation Center; and MerrittView, a 255,000-square-foot office building located at the Merritt Parkway’s exit 40A in Norwalk.
Malkin Properties provides full turn-key deal-making and management services, including marketing, lease negotiations, design, construction, management and cleaning services, all performed in-house. The firm is committed to sustainable property operations and development, including energy efficiency, water use reduction, waste recycling and indoor environmental quality initiatives. Recently, 500 Mamaroneck and MerrittView earned the nationally recognized Energy Star designation from the U.S. Environmental Protection Agency (EPA); the balance of the Malkin Properties suburban Trophy portfolio, including Ten Bank Street, is undergoing Energy Star review.
Broker commissions are paid in full upon lease signing.
FROM: MALKIN PROPERTIES Metro Center, One Station Place
Stamford, CT 06902
Website: malkinproperties.com
CONTACT:
LVM Group Inc.
Mike Odenthal, (212)499-6571; mike (at) lvmgroup (dot) com
