TKF Burnside Real Estate Partners Expands Portfolio with Strategic White Plains Acquisition
TKF Burnside Real Estate Partners, the real estate investment and operating company established by Ric Clark and Dennis Friedrich, has announced the acquisition of 360 Hamilton Avenue, a premier Class A office property in White Plains, New York. The transaction marks another significant step in the firm’s continued expansion across the greater New York metropolitan area and reinforces its strategy of investing in well-located, high-quality assets positioned to benefit from evolving workplace trends.
The 360 Hamilton Avenue property comprises approximately 400,000 rentable square feet of office space and stands as one of the most prominent commercial assets in downtown White Plains. The acquisition underscores TKF Burnside’s confidence in the resilience of the suburban office market, particularly in transit-oriented urban centers that offer strong lifestyle amenities and connectivity to Manhattan.
Transaction Details and Advisory Team
The acquisition was executed with support from leading brokerage professionals. Dave Hou of TKF Burnside represented the company in the transaction process. Newmark professionals Kevin Welsh and Charles Han represented the undisclosed sellers in the deal. In addition, Chris Kramer and Tim Polglase, also of Newmark, advised TKF Burnside on securing acquisition financing.
The involvement of experienced advisory teams reflects the scale and importance of the transaction. The financing structure was carefully arranged to align with the firm’s long-term investment outlook and operational strategy for the property. By leveraging institutional expertise in brokerage and capital markets, TKF Burnside ensured a competitive and strategically sound acquisition process.
Prime Location in a Thriving Commercial Hub
Situated in the heart of White Plains, 360 Hamilton Avenue benefits from exceptional connectivity and access to amenities. The property is within short walking distance of the White Plains Metro-North Station, offering direct rail access to Manhattan and making it one of the shortest one-seat train rides into the Grand Central area. This proximity to mass transit significantly enhances the building’s appeal to tenants seeking accessibility for employees commuting from New York City and surrounding communities.
White Plains itself has evolved into a vibrant commercial and residential hub within Westchester County. The city boasts a rapidly growing residential population, complemented by a dynamic mix of restaurants, retail destinations, entertainment venues, and public spaces. Its walkability, social energy, and relative affordability compared to Manhattan make it particularly attractive to today’s workforce. Companies increasingly value environments that support both professional productivity and lifestyle balance, and White Plains delivers on both fronts.
As a central business district within Westchester County, White Plains continues to attract firms looking for strategic proximity to New York City without the cost structure and density of Manhattan’s core. This combination of urban vitality and suburban convenience positions the market for sustained office demand.
Prestigious Tenant Roster Reflects Asset Quality
360 Hamilton Avenue currently houses an impressive lineup of high-profile tenants, including Merrill Lynch, Skadden, Arps, Slate, Meagher & Flom LLP, Heineken USA, and Bank of America, among other leading organizations.
The presence of such top-tier tenants highlights the building’s reputation as a premier office address in the region. These firms represent industries ranging from financial services and law to consumer goods and corporate banking, reflecting a diversified tenant base that enhances the property’s long-term stability.
By acquiring a building already anchored by well-established corporate occupants, TKF Burnside strengthens its portfolio with a stabilized, income-generating asset that also offers future value-add potential.
Planned Modernization and Amenity Enhancements
Following the acquisition, TKF Burnside intends to modernize and enhance the property’s existing hospitality-level amenities. The firm’s strategy focuses on creating environments that help tenants attract and retain top talent in an increasingly competitive labor market.
Office demand has evolved in recent years, with greater emphasis placed on experiential elements, collaborative spaces, wellness-oriented features, and high-quality common areas. By upgrading amenities and maintaining a best-in-class operating standard, TKF Burnside aims to position 360 Hamilton Avenue as a leading workplace destination within the region.
Enhancements are expected to build upon the property’s existing strengths, reinforcing its competitive position in a market where companies seek dynamic and engaging work environments. The firm’s operational approach combines thoughtful capital investment with active asset management to drive tenant satisfaction and long-term value creation.
Leadership Perspective on Market Momentum
Ric Clark, co-founder of TKF Burnside, emphasized the broader market trends supporting the acquisition. He noted that as the New York City office market continues to rebound in meaningful ways, positive momentum has extended into nearby business districts. According to Clark, while office usage patterns may be evolving, one fundamental principle remains unchanged: companies follow talent, and talent gravitates toward vibrant, connected communities.
White Plains exemplifies this dynamic. With its expanding residential base and rich mix of dining, shopping, and social experiences, the city provides the type of environment modern companies prioritize. Clark highlighted that such attributes make White Plains not only a desirable place to work but also a compelling location for long-term investment.
This perspective reflects TKF Burnside’s broader thesis that near-in suburban markets with strong transit connectivity and lifestyle appeal will continue to benefit from shifting corporate location strategies.
Portfolio Growth and Strategic Alignment
The acquisition of 360 Hamilton Avenue represents TKF Burnside’s second purchase in just over a year, bringing its total portfolio to nearly one million square feet across the greater New York metropolitan area. The firm continues to build a diversified platform focused on high-quality assets in strategic markets.
Dennis Friedrich, co-founder of TKF Burnside, described the transaction as an important milestone in the growth of the firm’s investment and operating platform. He noted that the acquisition builds upon the momentum generated by the firm’s recent purchase of 1000 Woodbury on Long Island, further reinforcing its presence across both urban and suburban submarkets.
Friedrich emphasized that 360 Hamilton aligns closely with the firm’s investment strategy, which targets high-quality, amenitized properties in dynamic, transit-oriented locations. Whether in Manhattan’s central business district or in thriving inner suburban markets like White Plains, TKF Burnside seeks assets positioned at the intersection of accessibility, lifestyle, and economic vitality.
Long-Term Vision in the Greater New York Market
With nearly one million square feet now under ownership in the region, TKF Burnside is steadily establishing itself as a significant player in the New York metropolitan office landscape. The firm’s approach blends disciplined acquisition practices with forward-looking asset management strategies designed to meet evolving tenant expectations.
White Plains, as the central commercial hub of Westchester County, represents a key node within this regional strategy. Its proximity to Manhattan, combined with a strong local economy and growing residential density, creates favorable fundamentals for sustained office demand.
Through the acquisition of 360 Hamilton Avenue, TKF Burnside demonstrates confidence in both the office sector’s ongoing recovery and the enduring appeal of well-located, amenity-rich properties. By investing in modernization, enhancing tenant experience, and capitalizing on transit-oriented advantages, the firm aims to generate long-term value while supporting the businesses that call the building home.
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