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GHP makes latest purchase in Scarsdale.


White Plains based GHP GHP Georgia Health Partnership
GHP Geisinger Health Plan (Danville, PA)
GHP Governor's Honors Program
GHP Good Handling Practices (food safety)
GHP Grand High Priest
 Office Realty announced today that it acquired 303-313 Central Avenue, Scarsdale, NY, a two-story retail building and a three-story office building for $6 million.

The deal is the third acquisition this year for GHP Office Realty and it's most recent in Westchester County, NY. Previous announcements included the purchase of 79 East Putnam Avenue in Greenwich, CT and 131 Danbury Road in Wilton, CT.

The property includes two contiguous buildings totaling over 25,000 square feet of both office and retail space with 175 parking spaces. The 3.5 acre property fronts Central Avenue in the Town of Greenburgh, within easy proximity to numerous parkways and highways as well as public transportation.

GHP principal Andrew Greenspan commented, "303-313 Central Avenue is perfectly located on the main commercial corridor in lower Westchester. The area is an incredibly active office and retail district and this acquisition fits well into our investment strategy."

GHP Office Realty represented itself. The seller was represented by Doran Golubtchik of Goldberg, Weprin & Ustin of New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
, NY. Financing was placed by Jeanne Cronin of the New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
 office of GHP affiliate Houlihan Parnes/iCap Realty Advisors. Title was provided by the New York office of Chicago Title.

GHP Office Realty is the office building division of Houlihan Parnes which is presently one of the New York areas's leading owners, operators and purchasers of suburban, Class A office space. The partnership owns and manages over 5,000,000 square feet in 94 different properties in the tri-state area There are a number of places in the United States known as tri-state areas where three states or holdings meet at one point (a tripoint), or in proximity to each other. The two most well-known are for the New York and Chicago metropolitan areas. . Major multi tenanted properties are located in Westchester, Rockland and Nassau Counties Nassau County is the name of two counties in the United States of America:
  • Nassau County, New York
  • Nassau County, Florida
 in New York. Additional holdings extend from Fairfield County Fairfield County is the name of three counties in the United States:
  • Fairfield County, Connecticut
  • Fairfield County, Ohio
  • Fairfield County, South Carolina
, CT to Princeton. NJ.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Real Estate Weekly
Date:Sep 6, 2006
Words:280
Previous Article:Simone completes 26,500 s/f in deals.(Tri-State Transfer Associates)(Brief article)
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