Fairfield County Business Journal 031819

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MARCH 18, 2019 VOL. 55, No. 11

westfaironline.com

419 West Ave. in Stamford.

INSIDE PAGE

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INCENTIVES IN CONNECTICUT

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BUILDING A TEAM

Half-billion-dollar real estate deal

MACK-CALI TO SELL $487.5M WESTCHESTER/FAIRFIELD PORTFOLIO TO ROBERT MARTIN AFFILIATE BY PETER KATZ pkatz@westfairinc.com

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ack-Cali, which had been a major force in the Westchester office and flex-space market, appears to be completing its exit from that market with the sale of a portfolio of properties to RMC Acquisition Entity LLC, an affiliate of the Robert Martin Company LLC.

The sale, with a price tag of $487.5 million, is expected to close in the second quarter of this year. There are two definitive agreements covering the 3.1 million square feet of space. The Business Journal obtained a complete list of the buildings involved. There are 56 in all, including those at the Stamford Executive Park in Fairfield County. It is a five-building development on West Avenue, just off Exit 6 of

Interstate 95 in Stamford. The Stamford Executive Park includes approximately 270,000 square feet of office/flex space. The properties in Westchester include addresses at Westchester Plaza, Executive Boulevard and Clearbrook Road in Elmsford, Skyline Drive in Hawthorne, and Odell Plaza, Executive Boulevard and Corporate Boulevard in Yonkers. Robert F. Weinberg, who with the late Martin Berger founded Robert Martin Company, said, “The acquisition of these outstanding properties continues our legacy of innovation and » REAL ESTATE

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Phyllis Ayman, author of “Overdue: Quality Care for Our Elder Citizens.” Photo by Phil Hall.

PHYLLIS AYMAN’S NEW BOOK CONSIDERS THE QUALITY OF ELDERCARE BY PHIL HALL phall@westfairinc.com PHYLLIS AYMAN’S NEW BOOK “OVERDUE: Quality Care for Our Elder Citizens” was released Feb. 8 and by its first week in print it rose to the No. 1 spot on Amazon in the nursing home care books category. The elation that Ayman felt

for this achievement was a marked difference from the anger and frustration she experienced when she first resolved to write the book. “I have been a speech pathologist who has worked in over 40 skilled nursing facilities in the local area over 25 years,” » ELDERCARE

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