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New York & Tri-State  + Tri-State  + Office  | 

White Plains Office Complex Changes Hands, Will Be Rebranded

Ginsburg Development Companies (GDC) and Robert Martin Company (RMC) have acquired the two-building Westchester Financial Center in White Plains, NY, previously owned by Mack-Cali. Terms were not disclosed.

The new ownership plans to rebrand the 571,000-square-foot office complex as City Square, with a view toward creating synergy with the new City of White Plains Transit District Strategic Plan. RMC developed the complex in the mid-1980s as three buildings, including an apartment property that GDC acquired in 1997. “We are confident that City Square will be Westchester County’s premier business address,” said GDC’s Martin Ginsburg.

“Projects such as City Square align with the goals of the White Plains Transit District Strategic Plan, including activating the street with retail and restaurants, new residential units, improved pedestrian experience, placemaking and proximity to mass transit,” said White Plains Mayor Tom Roach. “I am pleased to see it moving forward.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development
  • ◦Sale/Acquisition