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.
Rand Commercial recently congratulated Paul Adler and Samuel Adler for Receiving the Hudson Valley Chapter of the New York State Commercial Association of Realtors Economic Development Dealmakers (HV West) Award for 2023!
Paul Adler, Esq., SIOR, left, and Samuel Adler, Rand Commercial
Paul Adler, Esq., SIOR and Samuel Adler were awarded the Economic Development Award for the successful transaction they brokered in connection with the sale of 25 Hemlock Drive in Congers (Rockland County) from the Triangle Squared Realty Hemlock, LLC to Chartwell Pharmaceuticals for $13,479,000
“After 45+ years in the commercial real estate business, I am most proud of this deal for what it will bring to the local and New York State economy and humbled to share this award with my son Sam,” said Paul Adler, Chief Strategy Officer of Rand Commercial.
The vacant 81,000-square-foot Class A industrial flex building sits on 7.5 acres, and the acquisition was part of Chartwells campus expansion. This acquisition was a huge win for economic development for Rockland County, and should yield up to more than 300 jobs for the area.
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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