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ICON Parking Trades; New Ownership Plans Expansion

The Broe Group, a multibillion-dollar, privately-held investment company headquartered in Denver, has joined Hudson Valley Parking Trust to acquire 100% of New York City’s largest parking company, ICON Parking. Terms were not disclosed.

“ICON Parking is the industry leader in the top parking market, and we are committed to its long-term success,” said Hudson Valley Parking Trust founder Jerry Skillett. “This new partnership adds strategic resources and relationships to fuel sustained growth.”

The Broe Group’s five-decade real estate acquisition track record will support Hudson Valley Parking Trust’s planned market expansion for the parking operation, the companies said. ICON Parking operates more than 150 locations. The new partnership aims to expand on the parking leader’s two million annual transactions.

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Hudson Valley Parking Trust

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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