GHP Office Realty announced that Putnam County Savings Bank chose 2651 Strang Boulevard in Yorktown Heights in the Northern Westchester Executive Park for its new corporate headquarters.
The Bank signed a long term lease for 25,352 square feet. A $6,000,000 capital renovation is currently underway at the property. Since its recent acquisition of -CMS Bank, the new bank now operates 15 retail branches in the area and has total assets of $1,250 billion.
Joseph D. Roberto, President and CEO of Putnam County Savings Bank said, “With the continued measured expansion of the Bank, we believe the timing is right to upgrade our administrative facilities.
The relocation to Strang Boulevard will enable the Bank to not only centralize its location but to also centralize all of its key departments under one roof with new state of the art technology. Northern Westchester County offered very few Class A alternatives that provided the right corporate identity with the requisite features for our employees.
The opportunity to create a brand new build-to-suit installation for our administrative headquarters, and the renovations and amenities GHP is bringing to Strang Boulevard, made our decision easy. The management and operation of the property is very attractive to us. It is the right product to help the bank grow and better serve our customers.” Kevin Dwyer of The Dwyer Agency represented the Bank.