BCW Member Robert Martin Company to Purchase Mack-Cali Holdings
Robert Martin Co. LLC has solidified its hold on the commercial real estate market with the purchase of 3.1 million square feet of office space in Westchester and Fairfield Counties.
The $487.5 million purchase from Mack-Cali includes 56 buildings among them Westchester Plaza, Executive Boulevard and Clearbrook Road in Elmsford, Skyline Drive in Hawthorne, and Odell Plaza, Executive Boulevard and Corporate Boulevard in Yonkers. It also includes 270,000 square feet at the Stamford Executive Park in Fairfield County, a five-building development on West Avenue, just off Interstate 95.
Tim Jones, a partner with Robert Martin Co. and its CEO, said, “This portfolio gives us a huge market share in Westchester with a product line that is currently in great demand.”
Robert F. Weinberg, who with the late Martin Berger founded Robert Martin Co., said, “The acquisition of these outstanding properties continues our legacy of innovation and market leadership.”
The company’s managing director and partner Greg Berger added, “Robert Martin Company has been firmly rooted in Westchester County for over 60 years. We know how to manage these buildings and have excellent relationships with the local communities.”
Mack-Cali, headquartered in Jersey City, has been repositioning itself to concentrate on properties in what it describes as “select waterfront and transit-oriented markets throughout the Northeast.”
Similar News Items
BCW Member WMCHealth hosted its Annual Legislative Breakfast on Tuesday featuring twenty government officials from federal, state, county and local levels. The focus was on ensuring that access to care continues to be at the forefront of the national, state and regional health care conversation, while noting that WMCHealth plays a vital role as a […]
The City of Yonkers is ready for its close-up. Yonkers Mayor Mike Spano and Emmy Award-Winning Producer / Great Point Studios Founder, Robert Halmi were on hand on July 1 at Times Square for the debut of a large digital billboard positioning Yonkers as “Hollywood on Hudson,” a brand which is copyrighted. With a surge […]
The Westchester Innovation Network (WIN), an initiative of the Business Council of Westchester (BCW), is proud to announce the successful outcome of a research project between CatchU® and BCW Member Burke Rehabilitation Hospital in White Plains. JET Worldwide Enterprises Inc. (JET), a startup company developing CatchU received the top $10,000 grant from the BCW in […]
Become A Member
Join the county’s largest and most influential business organization today.
JOIN NOW!
Leave a Comment
You must be logged in to post a comment.