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
Congratulations to BCW Member Blythedale Children’s Hospital which recently named Nathaniel Beers, MD, MPA, FAAP has their new President and Chief Executive Officer, becoming only the third individual to lead the Hospital in the past 66 years. Dr. Beers succeeds Larry Levine, who concludes a distinguished 26-year tenure as President and CEO. Dr. Beers brings […]
As a volatile year concludes, the Business Council of Westchester (BCW) gathered regional leaders on Tuesday to forecast the upcoming financial landscape. The KeyBank Speaker Series event, The Next Economic Chapter: From 2025 Realities to 2026 Opportunities, offered a blend of high-level economic data and ground-level operational realities. The breakfast featured a presentation by Brian […]
Less than two months after opening his platform to the public, Westchester Innovation Network (WIN) participant Michael Berlingo is seeing his vision for a student-centric workforce materialize rapidly. His company, Starteryou, began as a pilot program last year with White Plains High School arranged by WIN. The employment platform has now expanded into a growing […]
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.