Westchester and Fairfield County Business Journal 012720

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JANUARY 27, 2020 VOL. 56, No. 4

westfaironline.com

A rendering of one of the possibilities for the redevelopment of the Sears location at the Cross County Shopping Center.

INSIDE

Marx making a mark OWNER TAKES OVER CROSS COUNTY LEASING, WORKING ON FORMER SEARS STORE

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DANGEROUS ROADS

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UNHEALTHY HEALTH CARE

BY PETER KATZ pkatz@westfairinc.com

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arx Realty, which jointly owns the Cross County Shopping Center in Yonkers with Benenson Capital Management, is taking over leasing and management responsibilities for the 1,150,000-square-foot property. Marx is a division of New York City-based Merchants

National Properties, which has a portfolio of 67 properties in 17 states. Mark Utreras, formerly with Newmark Knight Frank (NKF), has been made Marx’s senior director of leasing and will be responsible for leasing at Cross County. In addition, Marx plans to hire up to 10 additional leasing team members. While at NKF, Utreras served as associate director representing landlords and developers

such as RXR Realty, Muss Development and SL Green Realty. He was credited with completing retail lease transactions valued at more than $450 million. “He will focus solely on Cross County Shopping Center, which is really the �irst time we’ve had someone dedicated to Cross County,” Craig Deitelzweig, president and CEO of Marx Realty, told the » CROSS COUNTY

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DEMOCRATS FAVOR TOLLS AS CONNECTICUT’S ROADS CALLED A ‘NIGHTMARE’ BY KEVIN ZIMMERMAN kzimmerman@westfairinc.com THE ISSUE OF HIGHWAY TOLLS IN CONNECTICUT

dominated the Stamford Chamber of Commerce’s annual legislative breakfast on Jan. 22. Moderator Harry Carey, director of external affairs at AT&T, teased the issue throughout the hourlong panel discussion at Deloitte’s Stamford of�ice.

» TOLLS

Evan R. Corsello

Frank J. Gaudio President & CEO

203.302.4375

The discussion pivoted to why it is an idea whose time has come. Calling the state of Connecticut’s roads “a transportation nightmare,” state Sen. Carlo Leone (D-Stamford, Darien) made the point that, although an original bill that would have required the drivers of all vehicles to pay tolls was “a very good bill,” it did not receive the legislative

Chief Lending Officer

CALL US TODAY

203.302.4003

EXPERT LENDERS  COMMERCIAL & RESIDENTIAL Port Chester – 914.908.5444 500 Westchester Avenue

NMLS # 510513

Cos Cob – 203.629.8400 444 E. Putnam Avenue

Stamford – 203.413.6101 900 Summer Street

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