News: Brokerage

Mack-Cali completes four leases in Westchester County, totaling 52,332 s/f

Mack-Cali Realty Corp. arranged four leases totaling 52,332 s/f at its Westchester County, properties: * SmartPros Ltd. renewed its 17,850 s/f lease for nine years at 12 Skyline Dr. A 46,850 s/f office/flex building located in Mid-Westchester Executive Park, the property is 100% leased. Mack-Cali was represented in-house by Ivan Abry, senior director of leasing. * Proftech Corp. signed a six-year renewal agreement for its 12,000 s/f space at 200 Clearbrook Rd., Elmsford. Located in Cross Westchester Executive Park, it is a 94,000 s/f office/flex property that is 98.8% leased. Rick Rakow of Rakow Commercial Realty Group, represented the tenant, and Abry represented Mack-Cali. * Hawthorne Foundation, Inc. signed a new 11,622 s/f lease for 10 years at 525 Executive Blvd. in Cross Westchester Executive Park, Elmsford. The 61,700 s/f office/flex building is 100% leased. Mack-Cali was represented in-house by Carol McGuire, senior director of leasing. * Hudson Valley Automotive Parts, Inc. renewed its lease for 10,860 s/f for four years at 200 Saw Mill River Rd. in Hawthorne. The 51,100 s/f office/flex building is 92% leased. Mack-Cali was represented by Abry. Mack-Cali is a fully-integrated, self-administered, self-managed real estate investment trust (REIT) providing management, leasing, development, construction, and other tenant-related services for its class A real estate portfolio. Mack-Cali owns or has interests in 293 properties, primarily office and office/flex buildings located in the northeast, totaling approximately 33.5 million s/f. The properties enable the company to provide a full complement of real estate opportunities to its diverse base of 2,100 tenants. Additional information on Mack-Cali is available on the company's website at www.mack-cali.com.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their