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LI office complex sells for $7.2M

A 10-building office complex in Medford known as the Brookhaven Executive Center has been sold to New Jersey-based PAG Investments operated by Principal, Gershon Alexander. The price was not disclosed, but real estate sources pegged it at $7.2 million. Brookhaven Executive Center / Courtesy of Newmark Knight Frank The 155,079-square-foot office complex is on a […]

West Orange Office Complex Sold To PAG Investments

WEST ORANGE, NJ — Executive Hill Office Park, a four-building office complex in West Orange, was recently sold to PAG Investments, according to a news release. Last week, Holliday Fenoglio Fowler L.P. (HFF) announced that it sold the office complex on behalf of the seller, “an entity controlled by RNY Property Trust.” No selling price […]

Longtime landlord exits Westchester office market

The forced sale this year by a mortgage lender of a six-building Westchester office portfolio has Long Island-based RXR Realty pulling out of the county’s suburban office market — while investing heavily in downtown residential and retail developments in Yonkers and New Rochelle — after two decades as a prominent office-park owner and manager in […]

Cushman & Wakefield Arranges Sale of Heritage Corporate Park in Elmsford, N.Y.

ELMSFORD, N.Y. — Cushman & Wakefield has arranged the sale of Heritage Corporate Park, a 100-percent occupied flex/office property in Elmsford. PAG Investments, Principal, Gershon Alexander acquired the 155,033-square-foot asset from an entity controlled by RNY Property Trust. Located at 80 and 100 Grasslands Road, Heritage Corporate Park sits on 8.5 acres in Westchester County’s […]

Franklin OKs auto parts store

FRANKLIN — Construction is expected to begin in March on a new Advance Auto Parts store, taking the place of two vacant houses and a vacant lot at the intersection of Route 23 and Mabie Street. John Kurlander, commercial sales director for Fairclough Realtors and Property Management, said the real estate closing was recently concluded […]