White Plains Plaza, a complex of two 15-story office buildings, has been sold for $105 million, the Business Journal learned this afternoon from real estate services company Newmark, which markets the property. The affected buildings are located at 1 N. Broadway and 445 Hamilton Ave. The buyer is a New York-based private investment firm, Argent Ventures.

Newmark calls the transaction “the largest office sale of a single asset in Westchester since 2010”.

Last July, when the Business Journal reported the buildings were on the market, Kevin Welsh, executive managing director of Newmark, Tri-State Capital Markets, said the property “offers investors an exceptional opportunity and scale of value.” added with a combination of long-term sustainable cash flow and short-term upside by pushing rents on available space leasing as well as marking rents in the market on renewals.

The buildings total 715,365 square feet and date back to 1968. At the time of its opening, White Plains Plaza caused a stir as an important part of the White Plains revitalization that was just beginning. The 1 N. Broadway building became a popular entertainment destination for Westchester residents as it housed a large United Artists cinema. After the theater closed, the space was transformed into a fitness club with swimming pool.

Real estate company Ivy Realty purchased the property in 2015. Shortly after the purchase, Ivy announced that it had launched a multi-million dollar revitalization of the complex.

In the last sale, Newmark represented the partnership of Ivy Realty and DW Capital and procured the buyer.

In addition to Welsh, Newmark personnel who worked on the transaction included: Chief Executive Brian Schulz; director Jason Emrani; Evan Layne; Brett Siegel; and Alex Foshay. Executive Managing Director Glenn Walsh acted as the team’s advisor on the rental market. Anthony Orso, president of Newmark Capital Markets Strategies, and Ari Schwartzbard, senior managing director, worked on behalf of Argent to secure acquisition financing for the sale.

White Pains Plaza is currently 76% leased and has 74 corporate tenants, according to Newmark.