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HIG & Robert Martin Acquire Office Portfolio Including One Executive Blvd In Yonkers For $487.5M

One Executive Boulevard
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This Office property located in NY was sold for $487,500,000 almost 5 years ago. The brokers of the deal were Marc Duval, Jose Cruz, and Jordan Avanzato

One Executive Blvd and 61 other properties in Yonkers, Westchester, and Stamford have been sold in a closed property transaction. The office properties were purchased for a total price of $487,500,000 by HIG & Robert Martin. The seller of these properties was Mack-Cali Realty. The total square footage of the properties is approximately 3,100,000 square feet, with an average price per square foot of $157.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: $487,500,000
  • Square Footage: 3,100,000
  • Price per Square Foot: $157
  • Buyer: HIG & Robert Martin
  • Seller: Mack-Cali Realty
  • Brokers: Jordan Avanzato, Marc Duval, & Jose Cruz

Jordan Avanzato, Marc Duval, and Jose Cruz represented the buyer and seller in this transaction.

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Deals
  • Location
    1 Executive Blvd #435, Yonkers, NY 10701, USA1 Executive Blvd #435, Yonkers, NY 10701, USA
  • Sale Price
    $487,500,000$487,500,000
    $15 PPSF$15 PPSF
  • Area
    31,000,000 SF31,000,000 SF
  • Asset Type
    OfficeOffice
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Marc Duval

Marc Duval

Deals43
Sold$2.2B

Jordan Avanzato

Jordan Avanzato

Deals44
Sold$2.2B

Jose Cruz

Jose Cruz

Deals66
Financed$5.6B

Agency

JLL

JLL

Agency
Deals5591
Volume$332.6B

Deal Summary

IMAGE: Michael J. DeMarco DATE: 06/06/2019 ADDRESS: One Executive Blvd + 61 other properties MARKET: Yonkers, Westchester, Stamford ASSET TYPE: Office PRICE: $487,500,000 SF: 3,100,000 PPSF: $157 BUYER: HIG & Robert Martin SELLER: Mack-Cali Realty BROKERS: Jordan Avanzato (@Jordavz7), Marc Duval, & Jose Cruz

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One Executive Boulevard

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