The Westchester Bank will relocate its headquarters from Yonkers to White Plains at the end of this year.
Jamie Schwartz, executive vice president of GHP Office Realty LLC in Harrison, said the bank signed a 15-year lease for 11,250 square feet of office space at 12 Water St. in White Plains.
Schwartz represented the bank in the deal. The owner, 12 Water Street Associates LLC, was represented in-house.
John Tolomer, president of The Westchester Bank, in a press release said the bank”™s former headquarters space at 2001 Central Ave. in Yonkers will continue to operate as one of the bank”™s four branches in the county and serve as a disaster recovery site.
Tolomer described the bank”™s new Water Street headquarters as “state-of-the-art. The location of the building in the White Plain”™s central business district as well as being walking distance to the Metro-North train station is the perfect location for the bank to retain and attract more talent to the bank, a key underpinning in continuing to be among the fastest growing banks in America,” he said.
Schwartz said the Water Street space was the most cost-effective of the available office spaces searched in downtown White Plains. The Westchester Bank also will have naming rights on the building, “which just wasn”™t available anywhere else,” he said.
Norman DiChiara, principal of Norman DiChiara Architects PC in White Plains, will design the space.
In addition to its Yonkers office, The Westchester Bank has branches in White Plains, Thornwood and Mount Kisco.
