LEGAL CORNER: NYC Passes the FARE Act and Restricts the Payment of Commissions by Tenants
The real estate industry has expressed concerns regarding the potential repercussions of the FARE Act.
ELMSFORD—Robert Martin Company, one of the largest real estate management and development firms in Westchester County, announced recently it had secured approximately 586,000 square feet of new leases, renewals, and expansions at its properties in Westchester County for 2022.
Company officials stated that the strong leasing activity reflected the ongoing strength of Robert Martin Company’s flex/industrial park properties strategically located within key distribution in Westchester.
Among the larger leases signed throughout the year were ABB/Con-Cise Optical Group, 63,017 square feet (renewal) at 4 Skyline Drive, Hawthorne; The Food Bank for Westchester, 55,213 square feet (renewal/expansion) at 200 Clearbrook Road, Elmsford; Ferguson Enterprises, 44,270 square feet (renewal/expansion) at 175 Clearbrook Road, Elmsford; Altice, 38,900 square feet (renewal) at 6 Executive Plaza, Yonkers; BTX Technologies, 23,060 square feet (renewal) at 5 Skyline Drive, Hawthorne; Boxed Elmsford Max, 18,963 square feet (new) at 400 Executive Boulevard, Elmsford and Clarapath, 17,600 square feet (expansion) at 12 Skyline Drive, Hawthorne.
“Successfully navigating through a challenging 2022 meant relying on the company’s experienced team of industry professionals who provide exceptional, hands-on tenant management for the benefit of our existing and new tenants’ needs, upgrade infrastructure where needed and invest in green technologies—such as rooftop solar—throughout RMC’s portfolio,” commented CEO Tim Jones of the Robert Martin Company. “Intimate knowledge of the marketplace, strong tenant relationships and our highly skilled team of RMC professionals remain our greatest strengths and formula for success. We are optimistic for 2023 and beyond,” added Greg Berger President of Robert Martin Company.
Since its founding by the late Robert Weinberg and Martin Berger 65 years ago, Robert Martin Company has flourished into a pioneering, fully integrated real estate company with a record of successfully acquiring, developing, and managing investment properties primarily in Westchester and Fairfield (CT) counties, but with a reach now extending across the country into new markets and business categories. The firm (and its affiliates) has acquired and developed real estate totaling more than 20 million square feet of industrial, residential, retail and office properties. With a long and prominent history of innovation and entrepreneurism – starting with the then-development of the modern suburban office park—Robert Martin Company (and its affiliates) continues evolving and expanding its considerable business portfolio to include one of the largest Dunkin’ Donut franchise owner and operator in the United States and the developer of the recently launched Tesoro Club luxury golf club community in Florida’s famed Treasure Coast region.
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