News: Brokerage

Mack-Cali leases 60,937 s/f at Cross Westchester Executive Park; includes 36,662 s/f secured by Abry

3 Westchester Plaza - Elmsford, NY 3 Westchester Plaza - Elmsford, NY
Elmsford, NY Mack-Cali Realty Corp. arranged the following three transactions at Cross Westchester Executive Park totaling 60,937 s/f: • Vivint Solar Developer LLC, a developer of renewable and solar technology, signed a new lease for 24,275 s/f at 3 Westchester Plaza in Elmsford. The tenant was represented in the transaction by Edward Pidgeon of Coldwell Banker Commercial Island Corporate Services, LLC. • Also at 3 Westchester Plaza, Fabrication Enterprises, Inc., a leading manufacturer, importer, and distributor of products for physical and occupational therapy, athletic training, and home care, signed a new lease for 12,550 s/f. With this lease, the tenant now leases a total of 93,944 s/f in the Park. Mack-Cali was represented in-house by Ivan Abry, assistant vice president of leasing. • Publishers Circulation Fulfillment, Inc., a provider of distribution solutions to the print media industry, signed a lease renewal for 24,112 s/f at 300 Executive Blvd. The 60,000 s/f flex building is 100% leased. Mack-Cali was represented in-house by Abry. “Our results this quarter demonstrate that we continue to attract and retain tenants to our core flex portfolio in the Westchester region,” said Jeffrey Warner, vice president of leasing. “With abundant amenities and an ideal location near the region’s main highways, our Westchester properties suit the needs of a wide range of tenants.”
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,