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
The Business Council of Westchester (BCW) hosted a dynamic panel discussion on Monday at Pace University, bringing together a diverse group of experts to explore the critical issue of establishing ethical standards and regulations for artificial intelligence. “Governing the Future: The Ethical Frontier of AI Regulations and Policy” was part of the BCW’s AI Alliance […]
Bringing its exceptional brand of care to assisted living and memory care, BCW Member Broadview at Purchase College held a grand opening ceremony on Wednesday for its High Point Center for Care. More than 200 people attended the reception and ribbon-cutting ceremony for the new center, which incorporates Broadview’s signature concept of intergenerational and lifelong […]
Governor Kathy Hochul has announced that $200 million in funding is available through the State’s two signature downtown revitalization and economic development programs—$100 million each for Round 9 of the Downtown Revitalization Initiative (DRI) and Round 4 of the NY Forward program, which focuses on revitalizing smaller and rural downtowns. Together, the two programs have […]
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.