CBRE closed the $37-million sale of two office properties, 3 Executive Blvd. and 3 Odell Plaza, in Yonkers, NY. The CBRE team of Jeffrey Dunne, Steven Bardsley, David Gavin, Jeremy Neuer, Gene Pride and Stuart MacKenzie represented the seller, an entity managed by Robert Martin Company, and procured the buyer, a joint venture between Benedict Realty Group and Harbor Group International.
Totaling 130,607 square feet within the South Westchester Executive Park in Yonkers, both assets are leased on a long-term basis to a single tenant, Montefiore Medical Center. The two buildings contain operational support and IT functions for Montefiore Health System and are strategically located with easy access to its network of hospitals.
“We are pleased to have represented Robert Martin Company in this transaction,” said Dunne. “With long-term leases in place, 3 Executive and 3 Odell will provide the buyer with stable income for years to come.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
Email the Author
Reach over 250,000 Commercial Real Estate Professionals with Connect
Connect CRE reaches the top commercial real estate players nationwide and across all property types, offering you a variety of ways to showcase your team, your expertise and your brand to CRE decision makers.
The home for CRE news and everything you need to stay informed on deals, trends, and transactions, providing a platform to get your brand in front of your target audience.
Daily CRE Emails
Reaching over 150,000 inboxes across the nation every day, Connect’s Daily News emails provide advertising opportunities specific to your market.
Bi-Weekly Property Sector Emails
Focus your advertising on emails dedicated to your property sector and stay visible to current and potential clients.
Position your team as experts in your field with content created by Connect’s editorial team and published on Connect’s news emails. Showcase your intelligence and broaden your reach.