Inventory for all property types declined in almost all areas, except for Rockland’s condo and co-op markets, the latter with an 84.6% gain. The Bronx led the region for new listings, with a 31.9% increase.
PrimeSource, which is a leading manufacturer of proprietary brands and a distributor of premier third-party brands, will utilize the location to service New York, New Jersey, Connecticut and Pennsylvania.
Pictured at the former Melrose School campus in the Town of Southeast, from left, Tom LaPerch, Associate Real Estate Broker, Houlihan Lawrence Commercial Division; Town of Southeast Supervisor Nick Durante; Robert Holland, Regional Vice President Northeast, CoStar Group; Michael Boriskin, Artistic and Executive Director, Copland House; Steve Salomone, Associate Real Estate Broker, Houlihan Lawrence Commercial Division; Charlene Awani, CoStar Account Executive; Southeast Town Councilman Eric Larca; Southeast Town Councilman Eric Cyprus, and Garry Klein, Managing Director, Associate Real Estate Broker, Houlihan Lawrence Commercial Division.
Houlihan Lawrence Commercial, a division of Houlihan Lawrence based in Rye Brook, announced recently its selection as the CoStar IMPACT Award Winner - Sale of the Year. The winning transaction was the sale of the former Melrose School campus in the Town of Southeast in Putnam County.
The brokers who handled the transaction were Tom LaPerch and Steven Salomone of Houlihan Lawrence Commercial and Stacey Cronin of Houlihan Lawrence. Located at 100–120 Federal Hill Road, the former campus was run by the Community of the Holy Spirit, which was the seller in this transaction. The purchase price was $3 million. The buyer was Copland House Inc. which plans to use the campus to continue its mission of nurturing and renewing America’s musical heritage.
The 37,000 square-foot campus is situated on 24.23 acres and consists of office suites, meeting rooms, a library, classrooms, a private apartment, a gym, an auditorium, a large commercial kitchen, and several residence quarters.
“We are very pleased and proud to have received this prestigious award from CoStar. Congratulations to Tom, Steven and Stacey for all their hard work in making this major transaction a reality,” said Garry Klein, Managing Director of Houlihan Lawrence Commercial. “We are deeply honored to be selected for this significant and important award,” said LaPerch who was the lead selling broker in the transaction.
The CoStar Impact Awards recognize exemplary commercial real estate transactions and projects completed in 2023 with significant influence in neighborhoods or submarkets across 128 major markets in the United States, Canada and the United Kingdom. The annual CoStar Impact Awards celebrate commercial real estate practitioners who have brought leadership, innovation and professionalism to their markets, by spotlighting commendable transactions and projects.
City and State honored 100 “New Yorkers who are on the front lines, creating jobs and spurring economic growth on the local, state and national levels.”
Adler has been an ardent supporter of many nonprofit organizations and serves or has served in numerous leadership roles on nonprofit boards throughout our region.
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