Real Estate Weekly
Image default
Debt & Equity Retail

Westchester bank continues to grow

White Plains-based Houlihan-Parnes Realtors represented The Westchester Bank in a 10-year lease for a 2,050 s/f storefront bank branch at 301-305 Mamaroneck Avenue, Mamaroneck, New York.

Jamie Schwartz represented the tenant. The firm’s John Manous represented the owner.

JAMIE SCHWARTZ
JAMIE SCHWARTZ

According to Schwartz, the space was formally a Radio Shack that had occupied the storefront for over 25 years.  “It was not on the market at the time of our search, and we were able to negotiate a deal for the space prior to Radio Shack rejecting the lease in its bankruptcy proceeding and vacating the space,ˮ explained Schwartz.

“It’s one of the prime storefront locations on Mamaroneck Avenue in the central business district, near many other national and regional banks.ˮ

John Tolomer, President of The Westchester Bank said, “As we continue our strategic growth of our bank branch system, Mamaroneck was a desired location both from a consumer and commercial business banking aspect.ˮ Norm DiChiara AIA of Norman DiChiara Architects, P.C. designed the branch.

(Visited 1 times, 1 visits today)

Related posts

Taconic Capital Advisors Closes $500M Distressed and Opportunistic Real Estate Fund

REW

JLL names Erika Schanke Executive Vice President of Global Retail Business Development

REW

The Rainier Companies continues Best-in-Class Retail Acquisition Strategy

REW