National Law Firm Extends Lease and Expands for Second Time Since 2007

February 22, 2010

WHITE PLAINS, N.Y. – A national full-service law firm, Eckert Seamans Cherin & Mellott, LLC, has extended its lease and expanded its space for the second time in three years at Ten Bank Street in downtown White Plains, immediately adjacent to the transportation center, according to Jeffrey H. Newman, executive vice president of Malkin Properties, the marketing and managing agent for the building.

The tenant, which first moved into the building in July 2007, will now occupy a total of 8,133 square feet. Founded in Pittsburgh in 1958, Eckert Seamans has more than 245 attorneys in nine offices.

“Our White Plains office has grown quickly to include eight attorneys, and we need space to allow for future expansion as well,” says C. James Parks, executive director at Eckert Seamans. “We’ve enjoyed working with Malkin Properties, whose management has been very accommodating, and the location provides both easy access to Manhattan and a link between our Boston and Philadelphia offices, so we didn’t even consider looking elsewhere.”

“Malkin Properties is known for its flexibility in working to accommodate tenant needs,” says Mr. Newman. “Tenants recognize this, and during times of growth they often choose to expand at one of our trophy office buildings. We are happy to once again work with Eckert Seamans in expanding and extending its space at Ten Bank Street.”

Malkin Construction will build out the expansion space for the new tenant.
Mr. Newman and senior leasing associate Kimberly A. Zaccagnino represented the landlord in this transaction. The tenant represented itself.

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.
Ten Bank Street garnered the 2005 “Office Building of the Year Award” from the Westchester County Chapter of the Building Owners and Managers Association, the third time Ten Bank Street has received this distinction.

Malkin’s ongoing program of enhancements to the building, which was built in 1989, includes: the extensive updating of common corridors and installation of new solid-surface flooring in the elevator cabs; and an upgraded “Ten Bank Street Café,” which is located off the main lobby, providing tenants and their visitors with an expanded dining service and eating area as well as full catering services.

Building features include:
• a 24-hour-a-day secured, structured parking garage with 417 spaces, located within the building;
• 24-hour security and card access to the building;
• fiber optic high-speed Internet access;
• an ATM; and
• close proximity to banks, restaurants, hotels, dry cleaning, business suppliers, and retail, including The Galleria and The Westchester shopping malls.

In addition to Ten Bank Street, Malkin Properties has another Westchester County office building: 500 Mamaroneck Avenue, the five-story, 285,000-square-foot multi-tenant office building located in the surging I-287 East submarket in Harrison.

Malkin trophy properties in neighboring Fairfield County, Conn. 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.

The company’s portfolio of suburban office buildings totals 1.85 million square feet of prime space in Westchester County, N.Y. and in Fairfield County, C.T.

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. Broker commissions are paid in full as soon as leases are signed.

The firm is committed to sustainable property operations and development, including energy efficiency, water use reduction, waste recycling and indoor environmental quality initiatives.

Malkin Properties is the real estate management, marketing and acquisition arm of the Malkin family, which has commercial and residential operations in seven states.