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
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
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
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
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,