Robert Martin Company regained number one spot in Westchester Industrial Real Estate market.
Robert Martin bought back a majority of its commercial real
estate portfolio from Mack-Cali. The portfolio
was sold for $450 million 2 decades ago.
Robert Martin paid to reaquire the 3.2 million square feet
occupied by 260 commercial tenants, many of them located in the Cross
Westchester Executive Park in Greenburgh.
This deal was one of the most expensive real estate
transactions in the regions history and is in anticipation of the changes in
the nature of shopping and living behaviors.
